VanEck,aleadingglobalassetmanager,hasannounceditssecondmajorgaminginvestmentunderitsliquidtokenstrategy.ItisbettingonGunzillaGamesandtheirambitiousnewproject,OffTheGrid(OTG).
VanEckInvestsinGunzilla’sWeb3Game“OffTheGrid”
VanEck’sMattMaximomadetheannouncementonOct.31.MaximohighlightedGunzillaGamesasthecreatorsofthefirstWeb3-enabled,AAA-ratedgamethatwillbeavailableonmultipleplatforms,includingPC,Xbox,andPS5.Accordingtohim,VanEck’sliquidtokenstrategyiskeenlyfocusedongaming,whichisoneofthemostpromisingareasforblockchainandtokenizedinvestments.
Excitedtoannounceour2ndmajorgaminginvestmentat@vaneck_usliquidtokenstrategy:GunzillaGames,creatorsofthefirstweb3-enabledTriple-Aratedgame,OffTheGrid,onPC,XboxandPS5.
Here\'swhywe\'rebullishonOTGandtheintersectionofgamingandblockchain:
🧵https://t.co/ws5YqvlVml—Matt(@mattmaximo1)October31,2024
GabeRabello,anothercriticalfigureinVanEck’sliquidtokenstrategyteam,initiallysharedthatgamingrepresentsacorepillarofthefirm’sinvestmentoutlook.Sofar,VanEckhascommittedtotwolong-terminvestmentsinthisspace:ParallelTCGandOffTheGrid.
GunzillaGamesdevelopedOffTheGrid,a“dystopiancyberpunkshooter”whereplayerscanearnGunzilla’snativeGUNtoken.ItisdirectedbyOscar-nominatedfilmmakerNeillBlomkampandaimstoprovideplayerswithanimmersiveworldthatcombinesbothnarrative-drivenandmultiplayergameplay.
Thisblendofstorytellingandinteractivity,coupledwithintegratingWeb3features,positionsOTGasapioneeringentryintheemergingmarketofblockchain-enabledAAAgames.MattMaximofromVanEcksharedontheXplatform:
Weviewcryptoasawaytoenhancegamingexperiencesandrefinemonetizationstrategies.
~MattMaximo
Gamingstartupsattract$517millioninQ32024funding
AccordingtodatafromKonvoy,aventurecapitalfirm,gamingstartupsattracted$517millioninfundinginthethirdquarterof2024.ThisinfluxfollowsVanEck’sinvestmentinMarchinParallel,aWeb3-basedcardgameinwhichtradablecardsexistason-chainNFTs.Parallel’s$35millionfundingroundalsosawsupportfromSolanaVenturesandCoinbase’sBaseEcosystemFund.
Maximonotedthatgamershavelongcreatedsystemsfortradingin-gameitems,withplatformslikeSteam’speer-to-peermarketplacegeneratingover$32billionintradingvolume.Henotedthatblockchaincanmeetplayers’needsfortransparencyandcontroloverin-gameassets.
InOffTheGrid,playersearnGUNtokenstounlockin-gameitems,whichtheycanstoreinWeb3wallets.Thegame’smarketplace,builtonanAvalanchesubnetcalledGUNZ,letsplayersbuyandsellitemsusingGUNtokens.
OffTheGridenlistedRichardMorgan,authorofAlteredCarbon,anddirectorNeillBlomkamptodriveitscreativedirection.Afewyearsago,VanEcklauncheditsDigitalAssetAlphaFund,whichfocusedonliquidtokensandusedtraditionalvaluationtechniques.
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