Capital arm of Solana Labs, Solana ventures, has launched a new fund to attract and get developers to build gaming applications on Solana.
The fund aims to give blockchain gaming initiatives up to $150 million and also has the participation of two companies in the gaming world, Forte and Griffin Gaming.
With the introduction of metaverse to more mainstream audience, the fund aims to bring more gaming-related developments to Solana after its growth of in the last few months.
Asides the economic incentives this fund looks to offer, companies like Forte are also in support, offering tools for developers to include elements of blockchain in games through an already established framework — rather than starting from scratch.
Griffin Gaming also stressed the importance of introducing new gaming applications for the future of the blockchain sector. Partner at Griffin Gaming, Pierre Planche, stated:
“If it weren’t for the technical developments accomplished by the community in the past decade, interactive media and gaming would not be a cornerstone of blockchain today.”
Apart from this gaming and Web3-dedicated fund, Solana Ventures has previously put resources towards supporting similar play-to-earn and metaverse related initiatives previously, one of which is its partnership with Lightspeed and FTX in November where it allocated $100 million for the same purpose
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