Solana, Lightspeed, and FTX declare web3.0 gaming investment initiative
Solana Ventures, Lightspeed Venture Partners, and FTX have announced a $100 million investment plan focused on Web 3 gaming. Investments in this plan will focus on blockchain-based games and technologies.
Solana Ventures, Lightspeed Venture Partners and FTX have announced a $100 million investment plan focused on Web 3 gaming.
Investments in this plan will focus on blockchain-based games and technologies. The first studio to take advantage of it was Faraway, a new game studio Web 3 (a reference to a decentralized network based on a secure and transparent blockchain digital ledger), which raised $21 million on Thursday. Faraway is preparing to launch its first Mini Royale: Nations game as the first multiplayer game on the Solana blockchain. Anatoly Yakovenko, CEO of Solana Labs, said in a statement: “Over the past few months, we have seen talented game developers quit their jobs at Riot, EA, Scopely and other popular game companies to create Web 3 games in Solana. We are excited to partner with Lightspeed and FTX to support and accelerate this new wave of builders.” Amy Wu, partner at
Lightspeed Venture Partners, added that the game has the potential to bring the next wave of users to Web 3. Distributed access while providing benefits. Web 3 Systems We are excited to partner with FTX and Solana Ventures to drive the evolution of this ecosystem.” Gaming companies can use platforms like Solana to speed up transactions and use less energy associated with blockchain transactions on platforms like Ethereum.