Metaverse: Creation of $600,000 Million Gaming Fund

With the development of the blockchain ecosystem, more and more players are starting to design the metaverse that will disrupt the world of tomorrow. In addition to the appearance game changerit is also a financial windfall and a market that will grow considerably in the coming years.

A metaverse is a virtual world. The term is regularly used to describe a future version of the Internet where virtual, permanent and shared spaces can be accessed through 3D interaction.

A growing market

The gaming industry generated more than $300 billion last year. This sector is growing exponentially, mainly through incarceration. When it comes to blockchain, the market is just as impressive.

We find great actors like Axie Infinity or even illuvium which will be released soon. Among them, the metaverse sector is equally vibrant and popular. At the head of this market we find Decentraland or Sandbox. Users are always more numerous. For Sandbox, there are nearly 16,000 users with land in this metaverse.

Analysts at Grand View Research estimate this market will grow exponentially in the coming years. It is expected to grow at a CAGR of 39.4% from 2022 to 2030. Therefore, this market is expected to experience phenomenal growth according to analyst estimates from Research into Grand View

In this research, the different growth factors that are taken into account are: the adoption of mixed, virtual and augmented reality, possible new pandemics or even possible crossovers between the virtual and real world.

The most optimistic among us estimate the market to be well over $678 billion within a few years. This is the case with a renowned consultancy firm.

GAMES FUNDS ONE is positioned in this market

This market will naturally be coveted by a large number of funds. Among them, the venture capital firm Andreessen Horowitz (a16z) announced yesterday the launch of GAMES FUND ONE, which will invest $600 million in the sector.

The latter wants to increase its reach in the games field and position itself as best as possible in this race for the next metaverse of tomorrow.

Games will continue to play a central role in how people socialize, play and work in the future, and the fund will invest in game studios, game and customer experiences and infrastructure, a16z said.

The fund highlights the success of games such as Minecraft, League Of Legends or Fortnite, which alone has more than 500 million regular users. According to a report by research firm Naavik, the game industry raised more than $300 billion in 2021.

A16z says in a statement:

Over the past decade, games have undergone a dramatic transformation from mere packaged entertainment to online services that are more like social networks and evolve as consumer technology companies. “. We are proud to announce 𠙂𠘼𠙈𠙀𠙎 ð ™ ð ™ ð ™‰ð ˜¿ 𠙊𠙉𠙀 – $600 million to shape the future of the game industry to build, led by @andrewchen, @Tocelot and @gwertz.

Big names are mentioned in this project and with a lot of experience in the field of games. This brings legitimacy to dig up the next games that will be all the rage.

In addition to Andreessen Horowitz, David Baszucki, founder of Roblox, Jason Citron, founder of Discord, Marc Merrill, co-founder of Riot Games, Mike Morhaime, co-founder of Blizzard, Aleks Larsen and Jeffrey Zirlin, co-founders of Sky Mavis, Kevin Lin, co-founder of Twitch, Mark Pincus, founder of Zynga, and Riccardo Zacconi, founder of King.

These “games as a service” have become rich and interactive social networks, with players forming in-game friendships that are just as meaningful as those in person. says a16z. The playful, social, fun aspect and everything that the game industry allows is remarkable.

Earlier this month, a16z partnered with Coatue, Greenfield One, Liberty City Ventures, Digital Currency Group and Dapper Ventures in a $725 million ecosystem fund to support developers building on the Flow blockchain.

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Akina

Passionate about technical analysis and technology, I have been diligently following cryptocurrencies since 2017. Besides trading and investing, I try in my own way to democratize the ecosystem that will undoubtedly change our habits of tomorrow!

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