Andreessen Horowitz has launched a $600 million fund dedicated to web3 gaming. 🤩 The fund will invest in game studios, game and consumer applications, and gaming infrastructure. Read more! 👇
, VC fund Andreessen Horowitz announced the launch of a $600 million fund dedicated to web3 gaming startups.
The "GAMES FUND ONE" will invest in three key areas: game studios, game and consumer applications like Discord, and gaming infrastructure. a16z expects gaming to play a key role in social lives and expects the coming metaverse to "be build by game companies using games technologies." The most successful games today are communities that retain loyal, long-term users, and a16z sees games "driving innovation across the entire consumer ecosystem.
a16z also pointed out its long-standing history of investing in gaming companies like Zynga, Oculus, and Epic Games. The fund is joined by other industry leaders and visionaries like David Baszucki, founder of Roblox; Jason Citron, founder of Discord; Marc Merrill, co-founder of Riot Games; Mike Morhaime, co-founder of Blizzard; Aleks Larsen and Jeffrey Zirlin, cofounders of Sky Mavis; Kevin Lin, co-founder of Twitch, Mark Pincus, founder of Zynga; and Riccardo Zacconi, founder of King.