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Leading web3 gaming company Saakuru Labs in Singapore has teamed up with MemeCore to launch a sizeable $10 million incubation fund with the goal of improving blockchain gaming. The principal objective of this program is to invest in and acquire nascent gaming enterprises and communities, therefore incorporating them into the respective ecosystems of MemeCore and Saakuru.
The newly formed fund is set to strengthen Saakuru’s gaming-centric Layer 2 (L2) blockchain while simultaneously driving engagement to MemeCore’s Layer 1 (L1) blockchain. By boosting both platforms, the collaboration aims to significantly increase their total value locked (TVL). This initiative is a response to the growing demand for innovative gaming solutions within the blockchain landscape.
The $10 million investment will primarily target game projects that are currently under development. Besides providing financial support, the fund will also extend technical and strategic assistance to ensure these projects thrive amid fierce competition in the blockchain gaming market. This holistic approach aims to foster a robust ecosystem where new ideas can flourish.
Jack Vinijtrongjit, co-founder and CEO of Saakuru Labs, highlighted the significance of this partnership. “We have built a strong reputation in the blockchain gaming industry, and this partnership with MemeCore allows us to accelerate the development of new gaming projects,” he stated. “With this collaboration, we’re able to offer more resources to top-tier game developers and further strengthen both ecosystems.”
It is anticipated that the influx of capital and assistance would draw in skilled developers of video games, resulting in creative ventures that will benefit the blockchain gaming community. This ecosystem will produce a wide range of gaming experiences as more developers join it, which will be advantageous to both investors and players.
The blockchain gaming industry is about to change thanks to the partnership between Saakuru Labs and MemeCore. Through the utilization of their combined abilities and assets, they hope to take the lead in creating captivating, decentralized gaming experiences.