Blockchain investment firm VYSYN Ventures today announces a $30 million fund to support Polygon-based gaming projects. The blockchain VC says that the new fund will be focused on allocating investments exclusively to the rapidly growing field of blockchain-based gaming.
In recent years, VYSYN has allocated significant investments and provided substantial support to a number of gaming-focused projects.
The VC firm took note of recent developments in online gaming and rising interest in blockchain gaming. VYSYN has now committed to ramping up its investments and support in the field of decentralized gaming. In recent times NFT based play-to-earn gaming has gained strong adoption. And, this is something VYSYN is also going to focus upon.
KVESTOR, VYSYN Ventures CEO, said:
“Increasing amounts of value and attention are turning to decentralized gaming as the field innovates and offers more and more opportunities for internet users worldwide. This is particularly evident in the growing play-to-earn movement, which is offering lucrative and sustainable earning opportunities to anyone with an internet connection.“
“VYSYN Ventures anticipates that blockchain gaming will grow exponentially in the coming years and we are establishing the $30 million gaming-focused fund to strategically allocate to this area.”VYSYN Ventures CEO
VC firms are pouring money into blockchain based gaming projects. Today, SoftBank led a $680 million Series B funding round in Paris-based NFT Startup Sorare, developer of a global fantasy soccer game where players can buy, trade and play with official digital cards.
Last week BlockDream Ventures, the investment arm of crypto exchange OKEx, invested an undisclosed amount in NFT Play-to-Earn project Defina Finance.