Metaverse: Creation of a $ 600 trillion fund for games

With the development of the blockchain ecosystem, more and more players are starting to design the metaverse that will disrupt the world of tomorrow. In addition to appearance game changerit is also a financial boon and a market that will grow significantly in the years to come.

A metaverse is a virtual world. The term is regularly used to describe a future version of the internet where virtual, persistent and shared spaces are accessible via 3D interaction.

A growing market

The gaming industry generated over $ 300 billion last year. This sector is growing exponentially, particularly through confinement. When it comes to blockchain, the market is just as impressive.

We find great actors like Axie Infinity or even illuvium coming out soon. Among them, the metaverse sector is equally vibrant and popular. We find Decentraland or Sandbox at the head of this market. The users are more and more numerous. For Sandbox, there are nearly 16,000 users with land in this metaverse.

According to estimates by analysts at Grand View Research, this market will grow exponentially in the years to come. It is projected to expand at a CAGR of 39.4% from 2022 to 2030. Therefore, this market is expected to see phenomenal growth according to analysts’ estimates. Grand View Search.

In this study, the various growth factors taken into consideration are: the adoption of mixed, virtual and augmented reality, possible new pandemics or even possible crossover between the virtual and the real world.

The most optimistic of us estimate the market at more than $ 678 billion in just a few years. This is the case of a renowned study firm.

GAMES FUNDS ONE is positioned in this market

This market will therefore naturally be coveted by a good number of funds. Among them, the venture capital firm Andreessen Horowitz (a16z) yesterday announced the launch of GAMES FUND ONE, which will invest $ 600 million in the industry.

The latter seeks to extend his reach in the field of games and to position himself better in this race for the next metaverse of tomorrow.

Games will continue to play a central role in how people socialize, play and work in the future, and the fund will invest in gaming studios, gaming experiences and customers and infrastructure, a16z said.

The fund highlights the success of games like Minecraft, League Of Legends or Fortnite, which alone has more than 500 million regular users. In 2021, the gaming industry grossed over $ 300 billion, according to a report by research firm Naavik.

A16z states in a statement:

Over the past decade, games have undergone a dramatic transformation from simple packaged entertainment to online services that are more like social networks and evolve as a consumer technology company. “. We are proud to announce ð ™‚ ð ˜¼ð ™ ˆð ™ € ð ™ Ž ð ™ ð ™ ð ™ ‰ 𠘿 ð ™ Šð ™ ‰ ð ™ € – $ 600 million to build the future of the gaming industry , led by @andrewchen, @Tocelot and @gwertz.

In this project, big names with a lot of experience in the field of games are mentioned. This gives legitimacy to bring forth upcoming games that will be all the rage.

Alongside Andreessen Horowitz, 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, co-founders of Sky Mavis , Kevin Lin, Twitch co-founder, Mark Pincus, founder of Zynga, and Riccardo Zacconi, founder of King.

These “games as a service” have grown into rich, interactive social networks, with players making in-game friendships as significant as those made in person. “Says a16z. The playful, social, entertaining and everything that the gaming industry allows is remarkable.

Earlier this month, a16z partnered with Coatue, Greenfield One, Liberty City Ventures, Digital Currency Group and Dapper Ventures on a $ 725 million ecosystem fund to support developers building on the Flow blockchain.

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Akina

Passionate about technical analysis and technology, I have been following cryptocurrencies diligently since 2017. In addition to trading and investing, I try to democratize, in my own way, the ecosystem that will undoubtedly change our habits of tomorrow!

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