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Gala Games, C2 Ventures Start $100M Fund to Invest in Blockchain Gaming

The fund will invest in projects being built with blockchain technology, including play-to-earn and metaverse ventures.

Updated May 11, 2023, 4:06 p.m. Published Dec 13, 2021, 4:11 p.m.

Gala Games, a blockchain-gaming platform, and crypto investment firm C2 Ventures have formed a $100 million fund to invest in play-to-earn games, metaverse environments and other projects built using blockchain technology.

Gala Games said the fund will invest in game developers and decentralized gaming projects.
C2 Ventures is a crypto investment firm founded by the former head of blockchain investments at Huobi Global, Ciara Sun.
“Through our new fund with C2 Ventures, we aim to support a new class of developers who can build genuinely entertaining games powered by blockchain technology,” James Olden, chief strategy officer at Gala Games, said in a statement.
Gala Games said it appointed Huobi Global as a partner in an advisory role when it comes to projects on marketing and Web 3.0 growth. The crypto exchange will also work with teams on future token listings.
Global gaming revenue is expected to reach $200 billion in 2024, according to e-sports analytics firm Newszoo, the companies said.

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Gaming Funding

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.