a16z Launches a $600 Million Game Fund Backed by Roblox and Blizzard

Famend VC agency – Andreessen Horowitz (often known as “a16z”) – introduced launching a $600 million fund, GAMES FUND ON, devoted to investing within the gaming trade. It has garnered help from trade leaders, together with the founders and cofounders of Roblox, Blizzard, Riot Video games, Discord, Twitch, and extra, for constructing the subsequent era of digital video games.

a16z’s Recreation Endeavors

The main VC agency a16z mentioned the most recent transfer relies on the idea that video games are “driving innovation” throughout the patron ecosystem and the “pivotal level” of the subsequent century.

Contemplating that giants like Fortnite, League of Legends, and Minecraft, are producing billions of {dollars} in income every year, a16z believes the Metaverse powered by sport infrastructures and applied sciences can doubtlessly problem the $300 billion sport trade.

The agency’s launch has outlined that the fund will go to promising sport studios, client corporations constructed round participant communities, and infrastructure instruments and companies very important for upcoming video games and the Metaverse. As well as, the fund will assist its portfolio corporations, from constructing communities to managing digital economies, IP licensing and constructing dev groups.

Seeing GAMES FUND ONE as “almost a decade within the making,” the VC agency recalled its sport endeavors started within the 2010s by backing corporations like Zynga and Oculus, stating its agency perception within the trade has solely been stronger.

“All of this has cemented our perception that video games require a specialised focus–not simply in devoted investing capital, but in addition in operational prowess that’s as distinctive and forward-thinking because the video games trade itself.”

A New Crypto Analysis Unit Targeted on Web3

Final month, the VC agency created a Web3-focused crypto analysis group, claiming that such purposes can “uncover contemporary analysis challenges which are basic to how this technological motion will play out.”

The group noticed the lab as a analysis heart devoted to fixing issues within the Web3 house and shifting to advance the science and know-how of the subsequent era of the Web.

As reported by CryptoPotato a number of months in the past, a16z, amongst the main enterprise capital corporations investing in all types of crypto and tech-related tasks, raised $9 billion to double down on its involvement within the sector.