Andreessen Horowitz unveils $600 million fund to support blockchain gaming startups

The venture capital firm has unveiled the GAMES FUND ONE, an inaugural fund dedicated to building the blockchain gaming industry.

May 19, 2022
by Michael
Andreessen Horowitz unveils $600 million fund to support blockchain gaming startups
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Andreessen Horowitz has unveiled the GAMES FUND ONE, a $600 million fund created to support the development of the blockchain gaming industry. This move is of great significance to the ecosystem because several groups and startups possess the required skills and creativity to build awesome projects. However, they usually do not have the financial capability to execute their plans.

Through this fund, a16z hopes to support such groups and empower the next generation of game builders, thereby playing a pivotal role in defining entertainment and social interaction over the next century.

a16z's statement read thus:

"Today, we are proud to announce GAMES FUND ONE, a16z's inaugural fund dedicated to building the future of the games industry. Having been investors in this space for more than a decade, it's clear to us the industry has entered a new era, and there is no better time than now to build a fund focused on supporting the next generation of game builders."

The company plans to invest in three major themes: Game Studios, Customer growth, and Infrastructure.

a16z believes Game Studios have played a tremendous role in building rich, interactive social networks with players making in-game friendships as meaningful as those made in person. Hence, investing in developing more impactful games will help cement the impact of the gaming industry in cultivating social interactions and empowering gamers.

Furthermore, the Gaming industry requires a wide array of tools for content creation, multiplayer enablement, and virtual economy management to sustain its growth and expansion. By investing in Infrastructure, a16z hopes to meet the demand for tools and services to build great games while positioning the sector for exponential growth and sustainability. 

The Fund is led by general partners Andrew Chen, Jon Lai, and James Gwertzman, with contributions from several prominent executives in the games world, including co-founders at such companies as King, Discord, Roblox, Zynga, Twitch, Blizzard and Riot Games, among others.

Below is a video on the GAMES FUND ONE

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