The fund uses a stage-agnostic strategy. This suggests that it can invest in startups and business at all stages of business advancement. The token fund will purchase equity financial investments as well as cryptocurrencies and non-fungible tokens (NFTs).
Bitkraft claimed that 6 investments have been closed by the fund, including Immutable (YGG), Yield Guild Games (YGG), Alethea AI, Horizon Games and Alethea AI. Kicks discussed to Cointelegraph that Alethea and YGG are both direct token financial investments. He stated, “We were unable to reveal the financing till last closing, however we have been actively deploying it.”
Kicks said that the fund had actually mainly bought startups utilizing the Ethereum blockchain. Nevertheless, he stated, “We adopt an chain-agnostic technique to each project and examine it on a case by case basis.” We are starting to see some fascinating activity on Solana and will carefully keep an eye on early video gaming jobs within that environment.
Bitkraft VC, an E-sports Financial Investment Platform, has created a token fund of $75 million to buy digital home entertainment and blockchain video gaming.
Piers Kicks is the creator of the financial investment arm at crypto research company Delphi Digital and will be leading the new token fund. Kicks joined Bitkraft in January to manage Bitkrafts investments in crypto and NFTs.
Bitkraft was given an investment consultant registration by the United States Securities and Exchange Commission (June 2021) in order to use regulated financial investment opportunities.
Related: Axie infinity designer receives $152M Series B funding from financiers
Bitkraft claimed that 6 financial investments have actually been closed by the fund, including Immutable (YGG), Yield Guild Games (YGG), Alethea AI, Horizon Games and Alethea AI. Kicks discussed to Cointelegraph that Alethea and YGG are both direct token financial investments. Kicks said that the fund had actually primarily invested in startups using the Ethereum blockchain.
The token fund will invest in equity investments as well as cryptocurrencies and non-fungible tokens (NFTs).
Jens Hilgers is Bitkraft Ventures founding basic partner. The fund prepares to invest in 25 extra companies by 2022. As of October 1, 2021, the equity capital firm had more than $540million in possessions under management, and a portfolio that consisted of more than 60 companies from North America, Europe, and Asia.
With numerous new uses cases for NFTs and decentralized financing (DeFi), the video gaming market is ripe for crypto adoption. AxieInfinity, a blockchain-based NFT game, has been voted the most popular Ethereum-based NFT game this year. Its native token AXS reached a record high of $155 on Monday. DeFi Land, a blockchain-gamification platform, raised $4.1 Million to launch a new DeFi Game on Solana in September.
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