Galaxy, Alameda & Republic To Fund Blockchain-Focused Gaming Investments

The past year noted a surge of interest in the NFT marketplace and blockchain-powered games. Presently, the three notable crypto firms Galaxy Interactive, Alameda Research, and Republic Crypto have allied to launch an “investment consortium” for the Web3 gaming space. Formation of an Alliance The global blockchain firm, Republic Crypto announced the beginning of a ‘new era in the Web3 gaming’ on Twitter. So it begins! If you're a gaming studio looking to step into Web3, visit NG+ at https://t.co/gwz8UuH6sC!#Web3 #CryptoGaming — Republic Crypto Advisory 🌕 (@RepublicCrypto) March 16, 2022 In addition to the announcement, General Partner of Galaxy Interactive – a VC firm focused on interactive entertainment also shared on Twitter the good news of assisting game developers in paving a “sustainable path in crypto gaming.” Excited to announce our investment consortium with Republic and Alameda to help real game developers forge a sustainable path into crypto gaming. Thx @ahaywa for the great overview! https://t.co/yJoIHhWG7e — Richard Kim (@galaxyRTK) March 16, 2022 In exchange for a 10% share of the crypto token, all three firms are geared up to invest in each of the gaming projects. Additionally, each partner has been assigned a unique role. Galaxy Interactive has been assigned with the task to focus on sourcing gaming studios looking to enter the Web3 space. Republic Crypto will be putting forth suggestions for token designs and...