FTX, Solana Ventures and Lightspeed to invest $100M in Blockchain Games
Solana Ventures teamed up with Lightspeed Venture Partners and FTX to create a $100 million fund to develop blockchain gaming projects.
According to Yahoo Finance, the initiative will receive financial support for projects that integrate existing and emerging games into the Solana network, which will make it possible to create an in-game economy based on NFT and cryptocurrency payments.
As part of this project, game studio Faraway has already received $21 million in funding from FTX and Lightspeed.
Lightspeed partner Amy Wu said that games can bring a billion users to Web 3.0, and blockchains like Solana can provide gamers with the experience they want from Web 2.0, but with the benefits of decentralized systems.
Previously, the digital rights group Fight for the Future, Blockchain Game Alliance, Enjin and 26 other blockchain gaming companies urged the video game corporation Valve to cancel the decision to ban the content related to cryptocurrencies or NFTs on the Steam marketplace.