Asia Blockchain Gaming Alliance Launches $45 Million Eco Fund to Drive Innovation in Blockchain Games

The Asia Blockchain Gaming Alliance (ABGA), a non-profit organization dedicated to promoting the vigorous development of the blockchain gaming industry, has announced that it will launch an Eco Fund in the first quarter of 2023. The fund, which has already exceeded $45 million in size, will focus on blockchain games and will include investments from firms such as Kucoin Ventures, Avatar Capital, FBG Capital, and more.

According to ABGA, the fund aims to strengthen blockchain games with brand resources from the alliance and to build a better blockchain gaming industry. The organization took to Twitter to make the announcement, showcasing that they are excited to work with these firms to drive innovation in the blockchain gaming space.

The launch of the ABGA Eco Fund is a significant step forward for the blockchain gaming industry. The fund will provide support for blockchain game developers and projects, including investments in promising projects, incubation, acceleration, and industry research and development. The fund will also focus on building a better blockchain gaming ecosystem by promoting collaboration and communication within the industry and supporting the establishment of industry standards.

Announcement image on Twitter

The ABGA organization was launched back in November 2021 to promote the healthy development of the blockchain gaming industry. 

The organization is made up of industry leaders and experts in the field and works to promote collaboration and communication within the industry. The organization also aims to bridge the gap between the blockchain gaming industry and the traditional gaming industry, to promote the integration and development of the two industries.

Image source: Naavik

The blockchain gaming industry is still in its early stages of development, but it has already shown great potential. According to a recent report, the blockchain gaming market is expected to reach $65.7 billion by 2027. The launch of the ABGA Eco Fund in the first quarter of 2023 is expected to drive innovation and growth in the space and support the development of the blockchain gaming industry.

As of now, there are many exciting projects in the pipeline for the blockchain gaming industry and some are currently in their Beta and Alpha phases that gamers can try out now.  If you want to find out which NFT games are trending, you can visit our page to find the best NFT games on the market.