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$150 Million Web3 Fund Rolled Out By Solana Ventures, Griffin Gaming and Forte

Solana Ventures, the capital arm of Solana Labs in recent announcement rolls out launching for a new fund with Forte and Griffin gaming. Of course, this is in order to urge developers to build gaming applications on Solana.

More so, The fund targets to put $150 million in blockchain gaming initiatives. Of course, in partneship with Forte and Griffin Gaming in the game world.

Additionally, The fund wants to bring more gaming developments to Solana. Of course, that’ll be after the growth of such applications in the last few months. Then, with the introduction of the metaverse idea to a bigger stage.

Also, Web3 games permits users to join in virtual worlds through owning assets. Then, also bring out the chances of establishing a market among users. Furthermore, Forte CEO Josh Williams explains.

“With the advent of NFTs and other blockchain technologies, game developers can now offer…”
“their audiences real property rights and create self-sustaining and…”
“thriving economies within their games.”

More so, it also has the support of companies like Forte. Notably, it offers tools for developers to add blockchain elements in games. This is through an already built framework, than just starting from the begining.

Notably, Griffin had investments of over $400 million dollars in gaming ventures all over the world. More so, there’s also an importance of the introduction of these new gaming applications for the blockchain sector. Then, Pierre Planche, a partner at Griffin Gaming explains.

“Gaming and interactive media would not be a cornerstone of blockchain today…”
“if it weren’t for the many technical developments the…”
“community has accomplished in the past decade.”

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