Bitkraft Ventures recently announced it launched a $75 million token fund that will inject money into blockchain-based gaming companies. This fund was founded after Bitkraft hired Piers Kicks to lead the organization’s efforts in the cryptocurrency ecosystem.
“Crypto and blockchain technology are set to influence and disrupt the games and digital entertainment space in a profound way,” said Jens Hilgers, BITKRAFT Ventures’ Founding General Partner. “We have launched our US-based BITKRAFT Token Fund I to exclusively invest in the intersection of games and blockchain at the earlier stages with the capability to invest in Tokens as an asset class.”
Bitkraft Ventures is an early-stage investment platform for gaming and esports companies. The organization, which was founded in 2015, is currently headquartered in San Francisco, California.
The Profit‘s Take:
Between this, VYSYN, and NFX, we now have three different funds dedicated to blockchain gaming companies. It’s great to see Bitkraft in here. Their gaming fund provides a great signal for companies to avoid. It will be interesting to see if they bring actual expertise on board. Either way, we are likely going to see more funds like this coming soon. This is just the beginning.
(All information was provided by Esports Insider, Google, and VentureBeat)
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