Gaming Industry
$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M
Venture capital firm Andreessen Horowitz (a16z) has launched a $600 million fund dedicated to gaming startups with a focus on Web3 saying it believes “games infrastructure and technologies will be key building blocks of the Metaverse.” Dubbed “GAMES FUND ONE” the fund will invest in three main areas: game studios, consumer applications which support player communities with Discord used as an example, and gaming infrastructure providers. The a16z team said “the coming Metaverse will be built by games companies, using games technologies” and that the industry has already “solved many of the problems that need to be solved to create the Metaverse.” It believes games will become the “dominant way people spend time.” The move by a16z marks nearly $3 billion committed by venture funds and gaming...
Twitch co-founder raises $24M for Web3 gaming firm Metatheory
Web3 gaming and entertainment company Metatheory founded by Twitch co-founder Kevin Lin has raised $24 million in a Series A funding round on Monday. The round was led by crypto capital venture firm Andreessen Horowitz (a16z), with participation from Pantera Capital, the venture arm of the FTX cryptocurrency exchange, FTX Ventures, and other venture firms, according to the announcement. Metatheory was launched in November 2021 around one year after Lin left Twitch, where he wrote in a Medium article at the time that he was creating the gaming company and also a blockchain game called DuskBreakers. Lin was quoted in this week’s announcement as saying: “Building immersive digital experiences has always been a passion of mine, and after stepping away from Twitch to explore what’s next in...
Most Important Things to Look for in a Gaming Monitor
Since the start of global lockdowns, the gaming industry has been booming. A recent report shows that viewership on Twitch, the most popular live streaming platform for gaming content, reached 6.3 billion hours in the first quarter of this year – that’s more than double what it was during the first quarter of 2020. Now, with more people gaming, the demand for premium gaming equipment has also increased. But not everyone knows exactly what to look out for when it comes to gaming monitors. A monitor is your window to the world of gaming and, considering how much time you’ll be spending looking at it, it’s worth investing in the future of your gaming setup. Ultimately, you don’t want a monitor that holds you back from unleashing the full potential of your graphics card. High- and mid-ra...
