a16z invests $600 million to fund games in the metaverse

Andreessen Horowitz, “a16z”, has launched the Games Fund One investment fund to help shape “the future of the video game industry.”

Andreessen Horowitz just announced a $600 million funding fund for its new Games Fund One, “the first fund dedicated to shaping the future of the video game industry.”

Andreessen Horowitz, “a16z”, launches investment fund Games Fund One

So Andreessen Horowitz, known by his “little”name a16z, set up a video game development foundation with a focus on web3 applications and the metaverse. By stating in a statement that “the coming metaverse will be shaped by video game companies,”the Silicon Valley investment giant is thus investing $600 million to realize this grand dream.

The company has already unveiled three main “topics” it will invest in: video game studios, infrastructure, and customer acquisition. Referring to the success of the most popular online games on the market, such as Fortnite or League of Legends, a16z said that he is convinced that gaming will become “people’s main hobby”and said that the most innovative companies will be built around communities. client.

help develop “the future of the video game industry”

Although Games Fund One is a16z’s first fund dedicated to video games, the company has already funded a number of successful gaming projects. Among them are Zynga and Oculus. The firm has also invested in the talent and expertise of established studios such as Riot Games and Epic Games. The company stated that his experience “reinforced [his] belief that games need to be given special attention not only to dedicated investment capital, but to operational talent as unique and innovative as the video game industry itself.”

a16z is not just a crypto-focused investment company, it is very committed to this segment and ready to invest heavily in its growth. As of June 2021, the company has spent $2.2 billion on crypto and blockchain innovation. Earlier this year, the company targeted $4.5 billion in the same segment, but the figure has yet to be confirmed.

In recent years, the company has always been publicly optimistic about crypto and blockchain. In 2018, Marc Andreessen compared this emerging market to the early days of the Internet, and more recently continues to invest in big projects such as Solana, Axie Infinity Sky Mavis and Uniswap.