Crypto News
| Published On May 21, 2022 4:34 am CEST | By Peter Siu

Andreessen Horowitz Launches New $600M Metaverse Fund

Share

Silicon Valley-based venture capital firm Andreessen Horowitz is launching a new $600 million metaverse fund..

Dedicated to supporting innovation in the gaming industry and developing the metaverse’s underlying infrastructure, the investment giant announced its Games One Fund in a new company blog post.

Andreessen Horowitz anticipates that the metaverse is going to be the future of gaming. The fund will invest in the metaverse infrastructure, game development studios and consumer applications. The blog post states:

“Long term, we believe games infrastructure and technologies will be key building blocks of the metaverse.

As games evolve into virtual worlds and online services, the demand for tools and services needed to build great games is skyrocketing. Not only is this infrastructure important for games in its own right, we also believe that the coming metaverse will be built by games companies, using games technologies.”

250% Extra + $125 Free Chip!
New players only. 250% on 1st Deposit + $125 Free Chip
Casino

The firm highlights the transformation that video games have gone through in the last ten years, turning into social networks:

“Over the past decade, games have undergone a radical transformation, from simply being packaged entertainment to becoming online services that more closely resemble social networks and scale like consumer technology companies.web

Furthermore, games are also driving innovation across the entire consumer ecosystem, pioneering best-in-class mechanisms for user engagement, retention, and monetization, such as microtransactions, battle passes, and Web 3.0 tokens.”

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.