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Gaming VC Bitkraft has raised $221 million in its second token fund. As per its SEC submitting, the goal for this funding was set at $240 million, out of which $220.6 million was efficiently raised.
Bitkraft didn’t disclose extra particulars on this funding. Nonetheless, companion Carlos Pereira shed some mild on the agency’s funding technique in an interview with Coindesk.
Pereira talked about that its funding in web3 had extra to do with the groups’ expertise as avid gamers quite than the play-to-earn increase.
“We’re gaming traders, initially, with an working and investing background that precedes the web3 gaming bull,” he mentioned.
“We’re targeted on underwriting nice video games with the instruments that we have now. Now in crypto, with the expertise that we have now as gamers, we need to see the financial rails evolve.”
Based in 2016, Bitkraft funded esports firms and recreation builders and now could be trying to do the identical for web3 video games. Not too long ago, the agency invested in CCP Video games, the developer of EVE On-line and cellular recreation studio Jungle.
Again in October 2021, Bitkraft raised $75 million for its first token fund. Since then, the agency has backed initiatives like Blocklords, Block Born, YGG, Vibrant Star Studios (Ember Sword), Cyball, Civitas, Immutable, Horizon Blockchain Video games and MetalCore.
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