Konvoy Ventures, the enterprise capital agency, has introduced the launch of a brand new $150 million fund with a watch on up-and-coming blockchain video games.
Often called Konvoy Fund III, the $150 million fund appears to be like at investing in a variety of rising applied sciences and platforms inside the world gaming sector.
After all, having a lot capital fastened on gaming, blockchain gaming tasks take up an excellent sum of the fund too. That is in response to Bloomberg, which experiences that roughly 30% of the fund – $45 million – can be used for the crypto and blockchain house.
The information of a brand new fund with an enormous proportion being devoted to a blockchain isn’t too stunning. Konvoy itself has had its share of contact with the house. Previously, it has gotten behind Sky Mavis (makers of Axie Infinity), Prepared Participant Me and Genopets.