On Wednesday, Bandai Namco, one of the largest makers of videogames worldwide, announced that it had set up an investment fund that will invest in the metaverse and web3 technology. The company plans to invest around $3 billion in yen ($24 million).
In the press release, it was stated:
The fund is part of a more comprehensive effort by the giant videogame into metaverse gaming and web3. The company intends to develop metaverses that are based on its intellectual property.
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Bandai has the rights to many well-known Japanese properties, such as Gundam, Dragon Ball, and, more recently, Software’s Elden Ring. Today’s announcement shows the increasing interest in blockchain gaming by traditional videogame creators.
Bandai Namco is no stranger to the metaverse:
This company, the second-largest toy manufacturer globally, has identified its metaverse and web3 projects as its top priority for the coming three years. The company plans to also spend a lot of money on virtual and virtual realities technology.
The announcement made by Bandai today isn’t the most significant pledge to the web3. In February, the company announced it would invest around fifteen billion dollars ($130 million) to create an online universe centered around Gundam as among its more viewed properties.
Last month, the company announced that it would participate as an initial validator for Oasys, a blockchain based on a video game.
Traditional videogame producers invest in the blockchain:
Bandai’s announcement is the latest on various videogame companies investing in blockchain and web3 games. In the last week, Fortnite creator Epic Games announced that it had raised the sum of $2 billion with Sony along with Lego company owner KIRKBI to create metaverse-related games. Epic is also working on an imaginary world based on Lego.
French videogame company Ubisoft has signed alliances that include The Sandbox and Sky Mavis, the creator of Axie Infinity. Ubisoft also invested around 60 million dollars in the venture capitalist WhiteStar Capital’s recently-launched crypto fund.
Last year, Krafton, the developer behind the massively well-known PUBG game, announced collaboration in partnership with Solana Labs. The two companies will work together to create blockchain-based games and the metaverse.
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Source: Google News Trend