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Investors Pledge $100M For Blockchain-Based Gaming

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By Elise Hansen (November 5, 2021, 10:00 PM EDT) — Lightspeed Enterprise Companions, cryptocurrency alternate FTX and blockchain investor Solana Ventures on Friday stated they’re teaming up on a $100 million fund to help blockchain-based on-line gaming.

The enterprise will put money into gaming studios, platforms and corporations that construct the underlying applied sciences for “Web3” gaming, Amy Wu, a accomplice at Lightspeed, stated in a tweet Friday. Web3 refers to what some see as the subsequent model of the web, which depends closely on decentralized and distributed infrastructure moderately than centralized servers.

“We imagine gaming is without doubt one of the greatest alternatives to onboard the subsequent billion customers onto Web3, and one among…

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