Gala Games and C2 Ventures, a leading investment firm that manages $102 billion in assets, have launched the first dedicated blockchain fund with the goal to invest across multiple game projects. The new fund will be led by Gala’s Founder and CEO Jack Ngai alongside C2 Venture Capital Managing Partner David Lee.

Gala Games and C2 Ventures Set Up $100M Fund For Blockchain Gaming

Gala Games and C2 Ventures, a crypto investment business, have teamed together to launch a $100 million fund that will invest in game creators, play-to-earn games, and decentralized gaming ventures. The money will also be utilized to create metaverse settings and a variety of other blockchain-based initiatives.

According to projections, the gaming industry will generate $200 billion in revenue by 2024. With this in mind, the fund’s primary goal is to encourage a new generation of blockchain-powered game creators who will contribute to this massive industry by ushering in a new era of engaging, entertaining, and inventive games.

Gala Games has also just joined with Huobi Games, a cryptocurrency trading platform. The crypto exchange will play an advising role in the relationship, including guidance on marketing, distributed ledger technology (DLT), and Web 3.0 growth. Ciara Sun, Huobi Global’s previous head of blockchain investments, formed C2 Ventures, implying that the three companies have a deep degree of cooperation and common vision.

The first Galaverse conference, a two-day immersive event to celebrate and promote the Gala Games metaverse, recently took place in Las Vegas. Over 500 fans from all over the globe attended the event, which included live performances by Snoop Dogg, Maroon 5, Kings of Leon, Arcade Fire, Steve Aoki, Alice Cooper, Billy Idol, Stone Temple Pilots, Kings of Chaos, and more.

Gala Games announced the extension of its ‘Walking Dead’ brand, the entrance of AAA developer Certain Affinity’s original IP ‘Last Expedition’ into blockchain gaming, and a new cooperation with industry veterans Peter Molyneux and Will Wright during the event.

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Frequently Asked Questions

Who owns gala Crypto?

A: Gala Crypto is a part of the Yooi Family Corporation.

How do I buy NFT in gala games?

A: Gala is an online game company that does not sell in-game items, only digital goods. To buy NFTs from gala games requires you to pay for them with real money (USD).

What is Gala Crypto?

A: Gala is a security and privacy-focused cryptocurrency that uses the blockchain.