MON Protocol has recently announced the launch of MON Ventures, a new investment fund aimed at empowering blockchain gaming studios worldwide. The leadership of this initiative includes former senior executives from major gaming and media companies such as Ubisoft, Sony, Activision, Warner Media, Bandai Namco, and Electronic Arts (EA).
The primary objective of MON Ventures is to provide support to blockchain gaming studios globally, particularly focusing on seed funding and applications for the pre-TGE stage of blockchain technology. The community pre-sale for MON Protocol Token was a huge success, raising $7.1 million within just eight minutes. This strong community support indicates the potential for future growth and engagement in the blockchain gaming space.
MON Ventures is positioned as the first working investment fund under the MON Protocol, with a focus on accelerating the growth of blockchain gaming studios worldwide. The fund aims to diversify the Web3 IP universe and drive innovation in the industry. With more than 70 partner games already live and projections to exceed 100 partner games by 2024, MON Ventures is poised to make a significant impact on the blockchain gaming market.
MON Ventures not only provides direct funding to Web3 gaming studios but also offers strategic investments and support to foster growth in the industry. The fund has already partnered with 500 Global, a venture capital firm that has investments in companies like Reddit and Solana. This strategic partnership underscores the potential of MON Ventures to fuel innovation and growth in the blockchain gaming space.
The blockchain gaming industry is experiencing significant growth, with a projected revenue increase from $4.6 billion to $65.7 billion globally by 2027. MON Ventures is launching into the market at a pivotal moment, capitalizing on the positive trend in blockchain investment. With the industry projected to experience a CAGR of 70.3% from 2022 to 2027, there is ample room for growth and success for MON Ventures.
MON Protocol is a leading Web3 publisher focused on intellectual property and games. The company strives to build a diverse Web3 universe of IP that engages consumers through storytelling, gaming, and collector culture. Partnering with platforms like Solana, Aptos, Immutable, and Seedify Fund, MON Protocol connects blockchain-native games with millions of players worldwide. Pixelmon, the largest gaming IP in Web3, was the company’s first introduction, setting the stage for innovation in gaming technologies.
The launch of MON Ventures marks a significant milestone in the blockchain gaming industry. With a strong leadership team, strategic investments, and a thriving community, MON Ventures is well-positioned to drive growth and innovation in the Web3 space. As the industry continues to expand rapidly, opportunities abound for MON Ventures to make a lasting impact on the future of blockchain gaming.
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