Originally published on: October 31, 2024
VanEck, a major player in the investment world, has dived into the realm of Web3 gaming by investing in Gunzilla Games, a startup focused on revolutionizing the gaming industry. This latest move showcases VanEck’s commitment to the potential of blockchain technology in enhancing gaming experiences and monetization strategies.
Gunzilla Games is the mastermind behind Off The Grid, a cutting-edge “dystopian cyberpunk shooter” game where players can earn the native GUN token. Matt Maximo from VanEck shared his enthusiasm for the partnership, highlighting the integration of crypto to elevate gaming experiences.
According to Konvoy, a venture capital firm, gaming startups have received a whopping $517 million in funding in the third quarter of 2024. VanEck’s previous investment in Parallel, a Web3 card game utilizing NFTs, demonstrates their dedication to this burgeoning sector.
Players of Off The Grid can accumulate GUN tokens to unlock in-game items stored in Web3 wallets and trade them on Gunzilla’s marketplace on the Avalanche AVAX subnet called GUNZ. With a focus on transparency and player control, Gunzilla is set to redefine the gaming marketplace.
The collaboration between Gunzilla and industry veterans like Richard Morgan and Neill Blomkamp showcases a commitment to innovation and creativity in gaming. VanEck’s venture into digital assets with the Digital Asset Alpha Fund further solidifies their position as a forward-thinking investment firm.
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