Griffin Gaming Partners Raise $750M for Web3 and Blockchain Initiatives

One of the leading venture capital firms, Griffin Gaming Partners, centers around investment in the gaming market to introduce gaming endeavors. Griffin Gaming Partners announced the launch of one of their biggest gaming fund. Gamer Raised Funding’s Reportedly the gaming fund has raised $750 million to support Web3 and Blockchain-based initiatives. Founders Peter Levin, Phil Sanderson, and Nick Tuosto have been in charge of heading the fund that was capable of raising more than $1 billion in assets. According to a census conducted in 2021, the gaming industry is known as one of the largest global entertainment with a revenue of $180.3 billion. One of the founding partners of the firm, Nick Tuosto, clarified his views about the biggest gaming funding, “When I think about the history of games, it has had a perception from investor mindsets of being a very hits-driven business, where it’s hard to make money. We cover this space closely. It takes expertise, relationships, and dedicated focus.” Growth of Gaming Many gaming corporations and investment companies have begun betting on the future of blockchain-based technology that can be applied to gaming. Griffin Gaming has raised funds with plans to invest in Alethea AI – a company that allows users to create smart NFTs and Chill Chat – a Solana-based metaverse platform for gaming. Peter Levin is excited for the new beginnings in the world of gaming through digitization. He observes...