<span style="font-weight: 400">The past year noted a surge of interest in the NFT marketplace and blockchain-powered games. Presently, the three notable crypto firms Galaxy Interactive, Alameda Research, and Republic Crypto have allied to launch an “investment consortium” for the <a href="https://www.cryptoknowmics.com/news/griffin-gaming-partners-raise-750m-for-web3-and-blockchain-initiatives/">Web3 gaming</a> space. </span>
<h2><strong>Formation of an Alliance</strong></h2>
<span style="font-weight: 400">The global blockchain firm, Republic Crypto announced the beginning of a ‘new era in the Web3 gaming’ on Twitter. </span>

https://twitter.com/RepublicCrypto/status/1504083971604373505

<span style="font-weight: 400">In addition to the announcement, General Partner of Galaxy Interactive - a VC firm focused on interactive entertainment also shared on Twitter the good news of assisting game developers in paving a “sustainable path in crypto gaming.”</span>

https://twitter.com/galaxyRTK/status/1504099012655427587

<span style="font-weight: 400">In exchange for a 10% share of the crypto token, all three firms are geared up to invest in each of the gaming projects. Additionally, each partner has been assigned a unique role. </span>

<span style="font-weight: 400">Galaxy Interactive has been assigned with the task to focus on sourcing gaming studios looking to enter the Web3 space. Republic Crypto will be putting forth suggestions for token designs and tokenomics. Lastly, the leading trading firm, Alameda Research will be providing liquidity for tokens. </span>
<h2><span style="font-weight: 400">The Game</span></h2>
<span style="font-weight: 400">Alongside the initial announcement of the launch of NG+, the partnership also revealed the funding of their first three gaming investments. Earlier this week, the world’s first playable open-world triple-A blockchain-focused game, <a href="https://www.cryptoknowmics.com/news/delysium-the-worlds-first-playable-aaa-mmo-web3-game-closed-4-million-in-its-first-round-of-private-sale/">Delysium</a> tweeted of their first private-sale fundraise of $4 million. </span>

<span style="font-weight: 400">Secondly, the AI-powered metaverse, Mirror World also raised $4 million in investments led by NG+ and other notable crypto exchanges and ventures. The consortium also funded the sports and e-sports metaverse game called GreenPark Sports. </span>

Galaxy, Alameda &amp; Republic To Fund Blockchain-Focused Gaming Investments

Galaxy Interactive, Alameda Research, and Republic Crypto have allied to launch an “investment consortium” for the Web3 gaming space called New Game Plus.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

Galaxy, Alameda & Republic To Fund Blockchain-Focused Gaming Investments

Top Picks