Bitkraft VC, an investment platform for esports, gaming and interactive media, has established a token fund worth $75 million. This fund will be used for investments in blockchain gaming and digital entertainment.
Investment advisor Bitkraft
It is reported that a ‘stage-agostic’ strategy is being used. This means that money is invested in companies and startups, regardless of the stage of business development they are in. In addition, the token fund will also invest in cryptocurrencies and non-fungible tokens, or NFTs.
Bitkraft received official registration as an investment advisor from the US SEC in June of this year, making the platform compliant with regulatory requirements.
First Investments in Ethereum Blockchain
It is reported that Bitkraft has already invested in 6 parties, including Yield Guild Games, Immutable Alethea AI, and Horizon Games. The company says the following about this:
“We were only able to announce the financing after the final closing, but we have actively used it.”
As a result, to date, the fund has mainly invested in startups that build on the Ethereum (ETH) blockchain. However, according to a representative of the company, this is a coincidence. About this he says the following:
“We take a chain-agnostic approach and assess each project on a case-by-case basis. We are starting to see some exciting activity on Solana and will be following closely early gaming projects in that ecosystem.”
It is reported that Bitkraft Ventures plans to invest in some 25 companies by the end of 2022. The venture capital firm has more than $540 million in assets under management and a portfolio of more than 60 companies in North America, Europe and Asia. It is currently unknown what will be the next company Bitkraft will invest in.