Bandai Namco has announced that it will set up a 1 billion yen (approximately $7.9 million) fund in 1 year and 3 billion yen ($23.8 million) in 3 years to invest in game companies related to Web 3 and the metaverse.
Bandai Namco Entertainment Fund 021
followreportIt states that the fund, dubbed the “Bandai Namco Entertainment 021 Fund,” will focus on blockchain companies in Japan and abroad. To accelerate the adoption of NFT tokens and Crypto technology.
The fund will also target entertainment-related products and service providers related to VR (virtual reality), AR (augmented reality), AI (artificial intelligence).
meanwhile The gaming giant has formed partnerships with various startups across businesses and sectors to advance the growth of Web 3 and the metaverse ecosystem.
Strengthen the Metaverse
The fund’s launch comes two weeks after Bandai Namco. announceThe $130 million metaverse project that will use Gundam IP is part of the company’s plan to develop a metaverse for each IP for new connections with fans.
The company intends to provide its customers with access to a wealth of entertainment and to take advantage of. “Outstanding strengths in combining physical products and locations with digital elements in this IP Metaverse.
“This new medium-term plan Bandai Namco Group will introduce new ways to connect fans to entertainment properties by creating a metaverse for each IP under the Bandai Namco Group portfolio.”
Development will begin with the creation of the “GUNDAM Metaverse,” which will become a platform of opportunity for GUNDAM fans around the world to come together to discuss and connect.”
Bandai Namco Launches $25 Million Fund for Web 3 , Metaverse and Announces “GUNDAM Metaverse” Appears first on Bitcoin Addict.