Bitkraft Ventures’ new fund will spend money on each tokens and fairness throughout the blockchain gaming sector. Tasks in any respect levels are eligible for funding: from pre-seed to later stage.
VentureBeat stories that Bitkraft Ventures has launched a token fund within the USA valued at $75 million, which will probably be used for investments in “blockchain gaming and digital leisure”. The fund is led by Crypto Lead, Piers Kicks (additionally a ‘Enterprise Associate’ at Delphi Digital) who joined the corporate in March this yr.
Moreover, the source stories that Bitkraft has change into a Registered Funding Advisor with the Securities and Alternate Fee (SEC), a transfer which a consultant from the corporate claims has “ensured a sturdy regulatory setup”
“We now have launched our U.S.-based Bitkraft Token Fund I to solely spend money on the intersection of video games and blockchain on the earlier levels with the potential to spend money on Tokens as an asset class,”
– Jens Hilgers, Bitkraft Ventures
Bitkraft Ventures: the corporate and its investments
Based in 1997, Bitkraft Ventures is self-described as a platform that’s “constructed by founders for founders… a worldwide funding platform for gaming, esports, and interactive media” which focuses on “Seed, Sequence A, and Sequence B investments in gaming content material and IP, interactive platforms, and horizontal know-how”.
Piers Kicks wasn’t the one vital new addition made to the Bitkraft staff in early 2021 as one month earlier than Kicks becoming a member of, in February 2021, the corporate onboarded four new members to its strategic advisory board. They had been:
- Jen MacLean (Head of Worldwide Enterprise Growth, Small and Mid-sized Studios, Recreation Tech at Amazon Net Providers)
- TQ Jefferson (Chief Product Officer of Survios, former Vice President of Disney’s Video games & Interactive Experiences Group)
- Bernhard Mogk (SVP of Enterprise Growth at ESL)
- Pany Haritatos (Head of Video games at Snapchat)
Different key investments made by Bitkraft this yr consists of participating in a $5 million funding spherical into movie manufacturing firm Trioscape, co-leading an $82 million sequence B funding spherical for NFT tech firm Immutable, and main a $3.5 million seed funding spherical for video-game studio FuzzyBot.
It’s honest to say that Bitkraft has been very lively as an funding agency, and this new fund ought to encourage innovation within the blockchain gaming and digital leisure sectors.
Together with DeFi, blockchain gaming is a fast-growing and vital space of innovation throughout the crypto area proper now, as represented by current market performance and information, resembling when funding for crypto gaming firms reached almost $500 million throughout the first half of 2021.
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