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• Magic Eden Ventures has invested in 11 Web3 game studios.
• The 11 studios range from Web3-focused developers to traditional gaming startups.
• Magic Eden is offering beneficiaries access to partner networks and launchpad capabilities, among other features.
Magic Eden Invests in 11 Web3 Gaming Studios
Magic Eden Ventures, the venture arm of cross-chain NFT platform Magic Eden, has announced investments in 11 Web3 game studios. The eleven studios range from Web3-focused developers to traditional gaming startups, Magic Eden said in a blog post.
Features Offered To Beneficiaries
The partnerships will offer beneficiaries access to partner networks and launchpad capabilities, among other features. Chris Akhavan, Chief Gaming Officer of Magic Eden commented on the support the NFT platform was extending to the 11 studios, noting that the gaming industry is still an emerging sector that could yet see massive growth.
Monetization Support For Game Studios
According to him, Magic Eden wants to help these game studios „achieve long-term success,“ through its venture arm. This includes via monetization, with access to in-game marketplace support and fan engagement within the broader Web3 ecosystem key drivers of adoption.
11 Gaming Studios Invested In By Magic Eden
The 11 studios include Epic League, MatchDay, Blockstars, Bunch, Bravo Ready, Honeyland, Intella X, and Stella Fantasy as well as Rooniverse Moonveil (STEALTH), Strider and Lucky Kat.
Launch Of Venture Arm In July 2022
Magic Eden launched its venture arm in July 2022 with a mission of supporting the development and adoption of Web3 gaming which was furthered by its expansion into Polygon Blockchain recently.