This is VanEck's second investment in a Web3-based game. Gunzilla is a digital game where players can earn the company's native token, GUN tokens.
VanEk's Matt is the developer of the .topian cyberpunk shooter "Off The Grid."
Maximo, through the X (formerly Twitter) platform, said, "We want crypto assets (virtual currencies) to improve the gaming experience.
"We see it as a tool to improve our monetization strategy," he said of the investment. According to data from venture capital firm Konvoy, GameStar is expected to acquire 100,000 users in the third quarter of 2024.
The launch of the platform attracted $517 million. In March, VanEck launched Parallels, a Web3 card game that features cards that can be traded on-chain in the form of NFTs.
Parallel has also invested in Solana, which was included in Parallel's $35 million funding round.
Ventures and Coinbase's Base Ecosystem Fund also participated. "Gamers have been able to sell in-game items for decades," Matt Maximo said.
"We have built a system that allows companies to easily share content between multiple devices," he said, adding that "Steam's P2P gaming marketplace has generated more than $32 billion in trading volume."
He added that "blockchain can solve the needs of gamers by guaranteeing transparency and ownership of game items."
2024/11/01 15:06 KST
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