Andreessen Horowitz Launches $600 Million Investment in Metaverse Gaming

Andreessen Horowitz Launches $600 Million Investment in Metaverse Gaming

  • Venture Capitalist firm Andreessen Horowitz has launched a $600 million investment in metaverse gaming startups and Web3.
  • The fund called “GAMES FUND ONE”, will be used to invest in game studios, applications, and gaming infrastructure providers.
  • The huge fund release brings the total investment in Web3 and metaverse gaming to $3 billion in the past month.
Andreessen Horowitz (A16z) is set to launch an investment that will focus on opportunities in the metaverse gaming and Web3 industry. The funding worth $600 million will be dedicated to gaming startups that focus on Web3.

Andreessen Horowitz

The investment comes just as the company says that it believes that games infrastructure and technology will be vital in the development of the metaverse.

The funding has been dubbed “GAMES FUND ONE” and will be put into three main areas: game studios, consumer applications which support player communities, and gaming infrastructure providers.

A spokesperson for A16z said that the company believes that the long-awaited metaverse will be built by gaming companies using their tech. The statement added that the industry has already solved many problems that need to be solved to create the metaverse.

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The move by Andreessen Horowitz brings the investment by venture capitals and gaming industry giants into Web3 gaming and other metaverse projects to $3 billion in the past month.

Venture firm White Star recently raised $120 million for its DeFi and game funds while Framework Ventures has allocated $200 million to blockchain gaming projects.

Although this is the first time that A16z will launch a fund fully dedicated to games, the company has backed successful game-related projects such as Oculus and Zynga in the past.

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