- Magic Eden Ventures has invested in eleven Web3 sport studios.
- The 11 studios embody Epic League, MatchDay, Blockstars, Bunch, Bravo Prepared, Honeyland, Intella X, and Stella Fantasy.
- Magic Eden launched its enterprise arm in July 2022.
Magic Eden Ventures, the enterprise arm of cross-chain NFT platform Magic Eden, has introduced investments in 11 Web3 sport studios. The eleven studios vary from Web3-focused builders to conventional gaming startups, Magic Eden mentioned in a weblog put up.
Magic Eden to assist sport studios launch NFTs
Within the announcement on 23 February, Magic Eden mentioned the investments are a continuation of its dedication to the event and adoption of Web3 gaming. The mission comes just a few days after the platform expanded to the Polygon blockchain and employed Chris Akhavan as Magic Eden’s Chief Gaming Officer.
Launched in July 2022, the unit is backing Epic League, MatchDay, Blockstars, Bunch, Bravo Prepared, Honeyland, Intella X, Stella Fantasy, Rooniverse, Moonveil (STEALTH), Strider and Fortunate Kat.
The partnerships will supply beneficiaries entry to accomplice networks and launchpad capabilities, amongst different options.
Akhavan commented on the help the NFT platform was extending to the 11 studios, noting that the gaming trade remains to be an rising sector that would but see huge development.
“Skilled sport studios constructing Web3 enabled video games are pioneering one thing particular – enjoyable video games with digital asset possession and highly effective economies that allow communities and creators to deepen their reference to the video games they love. It’s a robust mixture,” he added.
In accordance with him, Magic Eden desires to assist these sport studios “obtain long-term success,” by means of its enterprise arm. This consists of through monetization, with entry to in-game market help and fan engagement inside the broader Web3 ecosystem key drivers of adoption.
