Decentralized gaming startup Gala Games is looking to invest in play-to-earn and metaverse projects in collaboration with crypto investment firm C2 Ventures. The companies have jointly established a $100 million blockchain gaming fund, as per the announcement.
The establishment of a new fund was announced on December 13, the last day of the Galaverse event held in Las Vegas, USA. 13. In addition to the fund, Gala Games also announced several deals with Will Wright, Peter Molyneux, Ember Games, AMC, and Certain Affinity.
With this new venture, Gala Games plans to invest primarily in game developers and emerging GameFi projects through the fund. Additionally, the eligible startups will receive guidance on NFT and pre-sale strategies, token design, in-game economies, marketing and community engagement, and more.
“Through our new fund with C² Ventures, we aim to support a new class of developers who can build genuinely entertaining games powered by blockchain technology to millions,” James Olden, Chief Strategy Officer of Gala Games, commented on the announcement.
C2 Ventures is a new investment firm founded by Ciara Sun, former head of Huobi Global’s blockchain investment division. Sun announced on Twitter that she has retired from popular crypto exchange Houbi Global and formed a new venture that will focus on Web 3.0 and metaverse.
✨ Some personal news ✨
More details to come but first, a quick thread 🧵 👇
— Ciara Sun (@Crypto_Ciara) December 13, 2021
Sun said in the press release:
“While at Huobi, I learned the ins and outs of working with emerging projects and bringing new, innovative projects to market. With Gala Games by our side as a trusted collaborator, we look forward to finding and nurturing the next great blockchain gaming projects and helping them build worldwide communities.”
Gala Games also noted that it has appointed Houbi Global as its Preferred Exchange Partner and advisor for marketing and Web 3.0 growth projects.