Unlock Web3 Gaming With Magic Eden’s 11 Studio Investments
• Magic Eden Ventures has invested in eleven Web3 game studios.
• The investments are a continuation of its commitment to the development and adoption of Web3 gaming.
• The partnerships will offer beneficiaries access to partner networks, launchpad capabilities, monetization support, and fan engagement within the broader Web3 ecosystem.
Magic Eden Ventures invests in 11 Web3 Game Studios
Magic Eden Ventures, the venture arm of cross-chain NFT platform Magic Eden, has announced investments in 11 Web3 game studios. This includes Epic League, MatchDay, Blockstars, Bunch, Bravo Ready, Honeyland, Intella X, Stella Fantasy and more.
Commitment to Development & Adoption of Web3 Gaming
The mission comes a few days after the platform expanded to the Polygon blockchain and hired Chris Akhavan as Magic Eden’s Chief Gaming Officer. Launched in July 2022, the unit is backing these game studios with access to partner networks and launchpad capabilities.
Monetization Support & Fan Engagement
Akhavan commented on the support that these NFT platforms are extending to their game studios by noting that the gaming industry can still see massive growth opportunities. These partnerships will provide access to monetization support as well as fan engagement within the broader Web3 ecosystem for better adoption rates.
Access for Beneficiaries
Through this investment from Magic Eden Ventures into these eleven studios will provide them with access to partner networks and launchpad capabilities along with other features like monetization support and fan engagement within the broader Web3 ecosystem for better adoption rates.
Purpose of Investment
The purpose of this investment from Magic Eden is to help these game studios achieve long-term success through its venture arm which will enable communities and creators deepen their connection with games they love according to Akhavan who noted that “It’s a powerful combination” when it comes to web 3 enabled games with digital asset ownership