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 reveal extra particulars on this funding. Nevertheless, associate Carlos Pereira shed some gentle 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 players reasonably than the play-to-earn increase.
“We’re gaming investors, first and foremost, with an operating and investing background that precedes the web3 gaming bull,” he mentioned.
“We’re focused on underwriting great games with the tools that we have. Now in crypto, with the experience that we have as players, we want to see the economic rails evolve.”
Based in 2016, Bitkraft funded esports corporations and recreation builders and now could be seeking 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, Vivid Star Studios (Ember Sword), Cyball, Civitas, Immutable, Horizon Blockchain Video games and MetalCore.
