Titans Ventures and Poolz announced last Thursday, November 25, through their Twitter account, their $5M investment fund for Metaverse, NFT and GameFi projects. According to the company, through this co-investment fund, they hope to strengthen their network of strategic alliances, increase comprehensive influence worldwide.
“Titans Ventures and its strategic partner – Poolz are delighted to announce their $5 million co-investment fund to invest in quality Metaverse, NFT and DeFi projects with the goal of approaching untapped markets on a global scale, making it easier and more convenient to community. members to access the Blockchain world”, he said through an article published on his website.
The company explained that, in recent times, with the trend of NFT and Gaming in the cryptocurrency market emerging as a phenomenon, Metaverse is expected to be an attractive investment that opens opportunities for investors with a high level of return. Realizing the growing demand for Metaverse related technologies, Titans Ventures and Poolz are making the most of their resources to incubate the most potential projects that are thriving and generating real value for society or the blockchain industry.
Furthermore, in the year 2020, the widespread development of DeFi (decentralized finance) has brought Ethereum back, contributing to the tremendous growth of the money market. NFTs, or non-fungible tokens, are the next trend after DeFi with a lot of public interest. The NFT sector has made its way into the multi-billion dollar gaming industry, leading to the creation of NFT Games. These Play-to-Earn games are designed to reward players with valuable crypto assets.
“Metaverse is seen as a rocket that takes the development of the cryptocurrency market and Blockchain technology to a new level. It is the metaverses that will form the basis of Web 3.0, the Internet of the future. This $5M investment fund demonstrates their relentless efforts to take advantage of what Metaverse offers to turn the online space into a multi-level environment, containing many ‘universes’, thus bringing it closer to reality”, he added.
Disbursement stages from 2021 to 2025
The company indicated that the disbursement process of the $5M fund includes some stages:
• Fourth Quarter 2021: $1 million from the fund will be used to fund the projects’ product development and launch, support project marketing activities to create more awareness and increase exposure in local and global markets.
• 2022 – 2025: $4 million from the fund will be used for project research and analysis to provide the community with opportunities to invest in many potential projects. Along with expanding team size, financial and human resources, support will increase to accelerate the mass adoption of top-tier Metaverse, NFT and GameFi projects.