On October 8th, Bitkraft Ventures, a gaming-focused venture capital company, announced the launch of Bitkraft Token Fund I, a $75 million crypto fund for investing in blockchain games and digital entertainment projects. The fund will invest in various stages from the seed round to the later stages, and will invest in tokens (cryptocurrency or NFT) and equity.
The investment team is led by Piers Kicks and has established a strong strategic partnership with Delphi Digital. At present, 6 investments including Yield Guild, a two-tier NFT solution, Immutable, have been completed, and it is planned to invest in about 25 more companies before the end of 2022. Bitkraft has more than US$540 million in assets under management and has invested in more than 60 companies in North America, Europe and Asia. The company believes that digital assets and in-game assets are the future of asset trading and will be widely transferred to the blockchain.