Skip to contentAZC.Newsen EN BTC Coin BTC-3.91%ETH Coin ETH-4.51%USDT Coin USDT0.03%B
Skip to content
en EN
BTC Coin BTC
-3.91%
ETH Coin ETH
-4.51%
USDT Coin USDT
0.03%
BNB Coin BNB
-3.77%
SOL Coin SOL
-6.37%
XRP Coin XRP
-2.05%
USDC Coin USDC
-0.02%
DOGE Coin DOGE
-7.75%
ADA Coin ADA
-4.55%
AVAX Coin AVAX
-6.89%
BTC Coin BTC
-3.91%
ETH Coin ETH
-4.51%
USDT Coin USDT
0.03%
BNB Coin BNB
-3.77%
SOL Coin SOL
-6.37%
XRP Coin XRP
-2.05%
USDC Coin USDC
-0.02%
DOGE Coin DOGE
-7.75%
ADA Coin ADA
-4.55%
AVAX Coin AVAX
-6.89%
Search...
Home > News
Published: 02/04/2024
-
Author: Kane
a16z Injects $30 Million into Gaming-Related Startups
Andreessen Horowitz (a16z), a leading venture capital firm in the technology and cryptocurrency space, has tapped into the significant potential of the gaming market by deciding to invest $30 million in startups related to this sector.
Azcnews Breaking
In the latest development of the relentless technology race, venture capital giant Andreessen Horowitz (a16z) has just announced a bold plan – to invest $30 million in breakthrough gaming startups within the next 45 days.
Andrew Chen, head of a16z’s $600 million Game Fund One, stirred up the community with his announcement on the X platform (formerly Twitter):
I will invest $30 million in the best startups through a16z’s Speedrun program in the next 45 days. Each qualified project will receive $750,000 from us.
But that’s not all! Chen further promises that the fund will accompany the projects, providing guidance, connections with top investors, and world-class advisors – an enticing proposition for any startup seeking support from the “big players.”
This fast-track investment program, Speedrun, will last for 12 weeks with extremely stringent selection criteria – only 1% of filtered projects will receive “substantial” investment. The deadline for submissions is May 19, 2024.
This is not the first time a16z has shown special interest in the gaming technology sector. Chen’s $600 million investment fund includes projects ranging from AI, virtual reality (VR), augmented reality (AR) to web3 blockchain games. Moreover, Games Fund One also brings together founders from giants like Roblox, Discord, Riot Games, and Sky Mavis.
This move by a16z once again reaffirms their pioneering position in leading the wave of technological innovation. By pouring $30 million into new gaming super-projects, this “giant” is opening the door for bold, ambitious startups to create unprecedented gaming experiences in the future.
Related: Gamety Revolutionizes Blockchain Gaming with Runes
Introducing Andreessen Horowitz (a16z)
Interface A16z
Interface A16z
Andreessen Horowitz (a16z) is a venture capital firm based in Silicon Valley, California, USA. Founded in 2009 by Marc Andreessen and Ben Horowitz, the firm invests in technology startups at every stage of development, including the crypto space. They focus on supporting founders, innovators, and entrepreneurs in building the future through technology.
Read More
#a16z
0.0/5
Love
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Twitter
Telegram
Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews Breaking
News | Editor Choice | Policy & Regulations 02/04/2024
TRON Foundation Asserts Strongly Against SEC Lawsuit
The Tron Foundation, the organization behind the Tron blockchain layer-1, has requested the federal court in New York to dismiss the lawsuit filed against them by the U.S. Securities and Exchange Commission (SEC).
Azcnews
News | Altcoin | Editor Choice 02/04/2024
The Number of Ethereum Investors is Growing Steadily
In the past 24 hours, Ethereum (ETH) experienced a decline of over 2%, with market indicators signaling a bearish trend.
Azcnews Breaking
News | Altcoin | Editor Choice 02/04/2024
Tether Acquires $627 Million Worth of Bitcoin in Q1 2024
In the first quarter of this year, Tether, the company issuing the stablecoin USDT, has acquired nearly 9,000 BTC, equivalent to $627 million USD, raising its holdings of Bitcoin to $5.2 billion USD.
Azcnews (1)
News | Bitcoin | Editor Choice 02/04/2024
Long-term Holders Selling Bitcoin to Take Profit
Long-term holders are initiating coin distribution as on-chain data indicates Bitcoin is reaching overheated levels.
Azcnews Breaking
News | Altcoin | Editor Choice | Research 01/04/2024
What is Hifi Finance? Information about HIFI Token?
The RWA niche has a lot of growth potential in the future, among which Hifi Finance must be mentioned - a lending and borrowing platform. So, what is Hifi Finance? Let's find out right away!
Top views
1
Guide to Participating in Eclipse Testnet
2
NIM Network Announces Airdrop of 90 Million Tokens
3
Standard Chartered Forecasts Bitcoin to Rise to $250,000
4
How to Participate in the Backpack Airdrop
5
Bitcoin Halving Chart History Analysis
6
What is ChatAI? Information about CHATAI Token?
7
Solana Earns the Title of Ethereum Slayer
8
The Resurgence of “RWA” Token Category
9
Square Enix Invests in Web3 Platform and NFT HyperPlay
10
AltLayer Introduces ALT Staking Feature
About AZC.News
About Us
Contact Us
Privacy Policy
Terms of Services
Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
