Konvoy Ventures, the enterprise capital agency, has introduced the launch of a brand new $150 million fund with an eye fixed on up-and-coming blockchain video games.
Often called Konvoy Fund III, the $150 million fund appears to be like at investing in a variety of rising applied sciences and platforms inside the world gaming sector.
In fact, having a lot capital mounted on gaming, blockchain gaming tasks take up a superb sum of the fund too. That is in response to Bloomberg, which stories that roughly 30% of the fund – $45 million – could be used for the crypto and blockchain area.
The information of a brand new fund with an enormous proportion being devoted to a blockchain isn’t too stunning. Konvoy itself has had its share of contact with the area. Previously, it has gotten behind Sky Mavis (makers of Axie Infinity), Prepared Participant Me and Genopets.
