Play Ventures, a gaming VC firm, is stepping foot into the blockchain gaming world. The Singapore based -firm is funding the venture through a new fund called Play Future Fund.

Play Future Fund was set up with a dedicated aim in mind, to invest in projects that combine gaming with blockchain technology. With $75 million in commitments, the fund has already begun making investments in companies, including an investment in GuidFi, a decentralized organization that provides access to play-to-earn games, and ReNFT, a NFT borrowing and lending protocol.

Play Future Fund will be managed by Kendrick Drijkoningen, a Play Ventures general partner. Drijkoningen has an extensive list of relevant experience with regards to the role, as he previously ran a blockchain and cryptocurrency fund called Lunex Ventures, and has also been making investments in gaming companies since 2012.

Play Ventures was set up in 2018 and has typically focused on investing in gaming companies and start-ups that are outside of the blockchain ecosystem. However, as the firm stated, “open public blockchains provide a blank canvas for innovators not seen since the inception of the internet”, which outlines the fundamental motivations behind the its dive into the blockchain gaming world.

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The post Gaming VC Firm ‘Play Ventures’ Make the Step Into Blockchain Gaming appeared first on NFT Plazas.