Venture fund Griffin Gaming Partners announced the creation of a platform to support high-growth companies creating games based on the blockchain.
Griffin Gaming is set to raise $750 million. The new investment fund is expected to be one of the largest interactive entertainment projects in the world.
The company believes that games have already surpassed all other forms of entertainment combined – music, books and films. Griffin Gaming experts expect the industry to grow by 248% over the next decade.
One of the partners, co-founder of the company Peter Levin, assured that the company does not plan to invest in everything and wait for startups to shoot. The firm, says Levine, has a clear plan and a disciplined approach.
Thanks to smart investments, Griffin Gaming manages assets worth $1 billion. In November last year, the company managed to attract $235 million in investments.
Despite waning interest in NFTs and the metaverse, the company is still betting heavily on blockchain. Griffin Gaming has already invested in Alethea AI, a protocol that allows users to create NFTs. And also in Chill Chat, a gaming platform in the metaverse based on Solana.
We will remind, earlier in the game studio Electronic Arts said that they do not plan to rush to implement NFT in their games.
Source: Bits
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