CMN-Bitkraft VC releases $75M blockchain video gaming investment fund

Bitkraft Ventures, one of the greatest investors in video game and esports start-ups, has introduced a $75 million token fund that will be used to purchase blockchain video gaming and digital entertainment. Utilizing a “stage-agnostic” technique, the fund purchases start-ups and services at any stage of development. Apart from equity investment, the token fund will also purchase cryptocurrencies and nonfungible tokens (NFT).

It will purchase both tokens (cryptocurrency or nonfungible tokens, or NFTs) and equity throughout the fast-growing area. Bitkraft stated it has actually made sure a robust regulative setup by ending up being a Registered Investment Advisor with the Securities and Exchange Commission.

Bitkraft received a financial investment consultant registration from the Securities and Exchange Commission in June 2021 in order to offer regulated financial investment opportunities. Piers Kicks is a founding partner of the financial investment arm of crypto research company Delphi Digital and is leading the new token fund. Kicks joined Bitkraft previously this year to lead the business’s crypto and NFT investment efforts.

In addition to Yield Guild Games (YGG), Immutable, Alethea AI, and Horizon Games, Bitkraft reported that the fund had closed six investments. It’s a direct investment for YGG and Alethea, Kicks said. “We were only able to reveal the financing after final closing but have been actively deploying from it,” he added.

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