News

Galaxy Interactive, Alameda Research, Republic Crypto Team Up To Invest In Web3 Gaming

Galaxy Interactive, Alameda Research, and Republic Crypto have partnered up to launch a new game under the name NG+ or New Game+. All three partners will invest in each game project in exchange for a 10% combined share of its crypto gaming token. Each partner will also serve a unique role. It was explained that Galaxy will focus on sourcing game studios to bring into the program, while Republic will advise on token design and tokenomics for games. Alameda will provide liquidity for the aforementioned tokens.

The most important point of view on this partnership and project came from Galaxy Interactive’s General Partner, Richard Kim. He explained that the idea with NG+ is to create a Y Combinator-like program to funnel Web3 gaming startups through.

“We thought that was a really powerful combination of abilities ex-ante to help established game developers find their way into crypto,” said Kim. “That’s why we pulled this [consortium] together.

Kim explained that NG+ isn’t a formal joint venture, nor does it have a fixed commitment around dollar size. But between these three companies, the partnership will support game developers via standardized deal terms and pre-agreed support obligations.

(All information was provided by CoinQuora)

0 comments on “Galaxy Interactive, Alameda Research, Republic Crypto Team Up To Invest In Web3 Gaming

Leave a Reply

%d bloggers like this: