Asia Blockchain Gaming Alliance Launches $45 Million Eco Fund
#Asia #Blockchain #Gaming #Alliance #Launches #Million #Eco #Fund
The Asia Blockchain Gaming Alliance (ABGA) has announced the launch of a $45 million eco fund to drive innovation in the blockchain gaming industry in Asia. This move comes as a part of their mission to promote the development and adoption of blockchain games in the Asian market. The eco fund will be used to support and strengthen game developers and companies at all stages of development, from early-stage startups to established studios.
The fund will be used to provide financial support, mentorship, and resources to help these companies bring their projects to market and achieve success. Exceeding $45 million, the fund will focus on the first quarter of 2023, showcasing the potential web3 gaming can contribute to everyone.
2022 has been a good year for GameFi. It has proven that it is the strongest use case for the entire web3 industry and that we might see it right even more this year.
ABGA is a non-profit blockchain alliance that’s co-sponsored by leading institutions within the gaming industry. It is composed of over 100 members, composed of firms and organizations from startups to diamond members, and has conducted over 20 events in its organization.
Based in Singapore, the organization seeks to advance the blockchain gaming industry by promoting the vigorous development and future of the global blockchain game industry. To name a few, Polygon, Kucoin, and Mint Ventures are just a few members of the organization.
Final Thoughts
The launch of this eco fund is a significant step towards the development and adoption of blockchain games in the Asian market.
It will provide game developers and companies with the necessary support to bring their projects to life and give players the opportunity to experience a new level of immersion and ownership in the games they love. With this eco fund, players can expect to see new and exciting blockchain games that will push the boundaries of what is possible in the gaming industry (possibly more advanced AI integration?).
Edmond is a passionate writer for Video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news websites.