<span style="font-weight: 400">One of the leading venture capital firms, Griffin Gaming Partners, centers around investment in the gaming market to introduce gaming endeavors. Griffin Gaming Partners <a href="https://twitter.com/Griffin_GP/status/1500879014692462592">announced</a> the launch of one of their biggest gaming fund. </span>
<h2><span style="font-weight: 400">Gamer Raised Funding's</span></h2>
<span style="font-weight: 400">Reportedly the gaming fund has raised $750 million to support <a href="https://www.cryptoknowmics.com/news/blockwallet-launches-the-worlds-most-privacy-focused-web3-browser-wallet/">Web3</a> and Blockchain-based initiatives. Founders Peter Levin, Phil Sanderson, and Nick Tuosto have been in charge of heading the fund that was capable of raising more than $1 billion in assets. </span>

<span style="font-weight: 400">According to a census conducted in 2021, the gaming industry is known as one of the largest global entertainment with a revenue of $180.3 billion. One of the founding partners of the firm, Nick Tuosto, clarified his views about the biggest gaming funding, </span>
<blockquote><em><span style="font-weight: 400">"When I think about the history of games, it has had a perception from investor mindsets of being a very hits-driven business, where it’s hard to make money. We cover this space closely. It takes expertise, relationships, and dedicated focus.”</span></em></blockquote>
<h2><strong>Growth of Gaming</strong></h2>
<span style="font-weight: 400">Many gaming corporations and investment companies have begun betting on the future of blockchain-based technology that can be applied to gaming. Griffin Gaming has raised funds with plans to invest in Alethea AI - a company that allows users to create smart <a href="https://www.cryptoknowmics.com/news/world-of-women-is-bringing-nfts-to-airports-across-the-globe/">NFTs</a> and Chill Chat - a Solana-based metaverse platform for gaming. </span>

<span style="font-weight: 400">Peter Levin is excited for the new beginnings in the world of gaming through digitization. He observes the change in the industry and sees more companies gravitating towards blockchain, Web3, metaverse, NFT, etc. All the three founders find Web3 and Blockchain a trending category, as of now and are open to stepping into the metaverse.</span>

Griffin Gaming Partners Raise $750M for Web3 and Blockchain Initiatives

Griffin Gaming Partners announced their biggest funding which raised $750 Million for Web3 and Blockchain-based gaming initatives.

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.

Griffin Gaming Partners Raise $750M for Web3 and Blockchain Initiatives

Top Picks