Framework Ventures, a crypto-focused venture capital fund, said on April 19 that it has raised $400 million for a new investment fund.
In a statement, Framework Ventures said that half of the new capital, or about $200 million, will be invested in blockchain gaming companies.
The fact that the fund spent up to 200 million USD to develop blockchain games has shown how potential this field is, and not only Framework Ventures, other venture capital funds are also allocating a lot of money to blockchain games.
As BTA reported last November, GameFi has attracted notable investments, including $725 million raised by Forte and $150 million led by Mythical Games, among other funds.
Framework Ventures’ portfolio includes Aave and Chainlink and gaming-focused investments like Illuvium, a play to earn game that raised $5 million last year.
“I believe the next phase of the blockchain industry will be all about introducing new users and we think blockchain gaming will be the biggest investment opportunity. We expect an explosive growth in this sector,” said Framework Ventures co-founder Michael Anderson.