FTX, Lightspeed, Solana Ventures Invest 1.4 Billion Rupiah in Web 3 Gaming


Web 3 games are currently in development and are expected to explode in the future, Web 3 games have skyrocketed in popularity with play-to-earn titles like Axie Infinity and metaverse games like Decentraland and Sandbox.

Seeing this opportunity, FTX, Lightspeed Venture Partners, and Solana Ventures invested $100 million equivalent to 1.4 billion Rupiah in the development of Web 3 games.

The funding will support game and technology studios integrating Solana’s blockchain into video games on desktop and mobile platforms. The initiative has resulted in its first investment with FTX and Lightspeed leading a $21 million funding round for game studio Faraway.

Lightspeed said it had invested $300 million in “early-stage crypto and gaming companies” that included Epic Games, 1047 Games, Tripledot Studios, Offchain Labs, Alchemy, and Wintermute.

“We are excited to collaborate with Lightspeed and FTX to support and accelerate this new wave of builders,” Anatoly Yakovenko, CEO of Solana Labs

While part of the investment will target the development of new titles, it will also be used to integrate the Solana blockchain into existing games, creating an in-game economy centered around NFT and payments using the solana wallet.

“Games have a great opportunity to bring the next billion users to Web 3, high-performance blockchains like Solana are now able to deliver the Web 2 experience gamers expect while providing the benefits of a decentralized Web 3 system,” said Amy Wu, partner at Lightspeed in a press release. .

Solana Watches Web3 Gaming Grow

Web3 games have experienced tremendous growth in popularity, paralleling the impressive acquisition of Solana tokens in 2022. The new digital era enables monetization and further experiences in the gaming ecosystem by integrating DeFi and NFT.

The merger of blockchain and gaming comes with huge revenue potential in addition to the possibility of creating a strong community and new features.

“High-performance blockchains like Solana are now able to deliver the web2 experience gamers expect while providing the benefits of a decentralized Web 3 system.” Amy Wu said.

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