Gala Games Partners With C² Ventures on $100 Million Fund to Grow Blockchain Gaming

Blockchain Game maker, Gala Games, has announced the launch of  a $100 million blockchain gaming fund. This fund comes through a partnership between the blockchain gaming firm and investment company C² Ventures.

It is our great honor to launch this $100 million joint gaming fund with @GoGalaGames @BitBenderBrink @nftpunk Perfect start for my new investment firm C² Ventures❤️ https://t.co/Pwv84RKFdA

— Ciara Sun (@Crypto_Ciara) December 13, 2021

The co-owned fund hopes to make an investment on game developers. It’s focus is also geared towards upcoming projects that have blockchain technology as their foundation. This includes GameFi, play-to-earn, metaverse among other gaming solutions. Besides giving funding to budding developers, this fund intends to give guidance to portfolio projects. This guidance will range from in-game economics, token design, NFTs, marketing, pre-sale strategies and even community engagement. Those involved will learn how to  monetize and distribute support, as well as manage P2E economies, all from team members in Gala Games and C² Ventures.

The Motivation Behind the Gala Games, C² Ventures Fund

According to Gala Game’s Chief Strategy Officer(CSO) James Olden, there is a growing need to make blockchain gaming more accessible to the world.  This is a sentiment Olden expressed while speaking at the Galaverse in Las Vegas when he said, "As an industry, blockchain gaming needs a clear and concise way as a whole to be accessible to a massive audience," To the CSO, this new fund has come to do just that. Olden firmly emphasised that "Through our new fund with C² Ventures, we aim to support a new class of developers who can build genuinely entertaining games powered by blockchain technology to millions." This funding venture is the first for Gala Games, as well as for C² Ventures, an investment firm founded by Ciara Sun. Ciara served the role of Head of Listings and Blockchain Investments at Huobi Global before founding  C² Ventures. "While at Huobi, I learned the ins and outs of working with emerging projects and bringing new, innovative projects to market," said Ciara during the fund's launch in Las Vegas. "With Gala Games by our side as a trusted collaborator, we look forward to finding and nurturing the next great blockchain gaming projects and helping them build worldwide communities." Huboi is among the world's most established digital asset exchanges, which could explain why Gala Games recently selected them as their exchange partner. It is rumored that the firm will advise Gala on how to make their projects grow in, among other things, the Web3. It is now only a matter of time before blockchain gaming experts and enthusiasts see what impact these major moves will have for Gala Games.