Bitkraft Ventures’ brand-new fund will invest in both tokens and equity within the blockchain gaming sector. Projects at all phases are qualified for financial investment: from pre-seed to later stage.
VentureBeat reports that Bitkraft Ventures has actually released a token fund in the USA valued at $75 million, which will be utilized for investments in “blockchain gaming and digital home entertainment”. The fund is led by Crypto Lead, Piers Kicks (likewise a ‘Endeavor Partner’ at Delphi Digital) who joined the company in March this year.
Furthermore, the source reports that Bitkraft has become a Registered Investment Advisor with the Securities and Exchange Commission (SEC), a move which an agent from the business claims has actually “ensured a robust regulative setup”
“We have introduced our U.S.-based Bitkraft Token Fund I to specifically purchase the intersection of video games and blockchain at the earlier stages with the capability to invest in Tokens as a property class,”
— Jens Hilgers, Bitkraft Ventures
Bitkraft Ventures: the business and its financial investments
Established in 1997, Bitkraft Ventures is self-described as a platform that is “built by creators for founders … an international financial investment platform for gaming, esports, and interactive media” which focuses on “Seed, Series A, and Series B investments in gaming content and IP, interactive platforms, and horizontal technology”.
Piers Kicks wasn’t the only significant brand-new addition made to the Bitkraft group in early 2021 as one month before Kicks signing up with, in February 2021, the business onboarded four new members to its strategic board of advisers. They were:
- Jen MacLean (Head of Worldwide Organization Advancement, Small and Mid-sized Studios, Video Game Tech at Amazon Web Services)
- TQ Jefferson (Chief Product Officer of Survios, former Vice President of Disney’s Games & Interactive Experiences Group)
- Bernhard Mogk (SVP of Business Development at ESL)
- Pany Haritatos (Head of Games at Snapchat)
Other essential financial investments made by Bitkraft this year includes taking part in a $5 million financial investment round into film production company Trioscape, co-leading an $82 million series B funding round for NFT tech business Immutable, and leading a $3.5 million seed funding round for video-game studio FuzzyBot.
It’s reasonable to state that Bitkraft has been extremely active as a financial investment firm, and this new fund should encourage development in the blockchain gaming and digital home entertainment sectors.
Along with DeFi, blockchain gaming is a fast-growing and considerable location of development within the crypto space right now, as represented by recent market efficiency and news, such as when moneying for crypto gaming business reached almost $500 million within the very first half of 2021.
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