Games developed through blockchain technology can be financed by Solana, FTX, and Lightspeed, which have created a US$ 100 million investment fund exclusively for the sector.
According to Coindesk, the amount will be allocated to games classified as Web3, and that bet on the concept of sharing economy. In addition, the game projects selected by the group of investors must be developed through the Solana network.
The first video game project chosen to receive an investment from the group was the game FarAway. Available for Android and iOS, the game is a puzzle game that has so far received US$ 30 million in investment.
Initially, the game developed in 2017 had funding of US$ 8 million through an initial round. Shortly after that, during the Series A investment round, FarAway received US$ 21 million in an investment led by Solana, FTX, and LightSpeed. With the US$ 30 million investment, Faraway plans to develop a game called “Mini Royale:Nations”.
The market for games using blockchain technology is booming. With the popularization of play-to-earn and metaverse platforms, major investments have already been made in the sector. LightSpeed alone, for example, has invested US$ 300 million in gaming companies, such as Epic Games, Alchemy, and others.