Originally published on: October 31, 2024
VanEck, a private crypto fund, has decided to jump into the Web3 gaming world with an investment in Gunzilla Games. This move marks VanEck’s second foray into Web3-enabled gaming, showcasing their belief in the potential of this emerging market.
Gunzilla Games is the mastermind behind Off The Grid, a thrilling “dystopian cyberpunk shooter” where players can earn Gunzilla’s native GUN token. Matt Maximo from VanEck expressed his excitement about the project, stating that crypto can revolutionize gaming experiences and enhance monetization strategies.
According to Konvoy, a venture capital firm, gaming startups have seen a significant influx of funds, with $517 million pouring in during the third quarter of 2024. This trend highlights the growing interest in Web3 gaming and the potential it holds for the future.
VanEck’s previous investment in Parallel, a Web3 card game utilizing non-fungible tokens (NFTs), shows their commitment to embracing innovation in the gaming industry. With contributions from Solana Ventures and Coinbase’s Base Ecosystem Fund, Parallel raised $35 million in funding, further solidifying the interest in Web3 gaming.
Off The Grid allows players to earn GUN tokens that unlock valuable in-game items, creating a seamless gaming experience. Through Gunzilla’s Web3 marketplace, players can purchase items using GUN tokens, providing a streamlined and transparent way to interact with the game.
Gunzilla has strategically leveraged the AvalancheAVAX subnet, known as GUNZ, to operate their marketplaces effectively. This utilization of blockchain technology ensures transparency and security for players, enhancing the overall gaming experience.
The addition of renowned figures like Richard Morgan and Neill Blomkamp to lead creative design for Off The Grid further cements Gunzilla’s commitment to delivering a top-tier gaming experience. Their expertise will undoubtedly shape the future of Web3 gaming and set new benchmarks for the industry.
VanEck’s venture into Web3 gaming with Gunzilla Games showcases their forward-thinking approach to investing in cutting-edge technologies. As the gaming industry continues to evolve, embracing Web3 capabilities will be essential for staying ahead of the curve.
