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Crypto VC Mechanism Capital Launches $100M Fund Focused On P2E Games
Summary: Crypto investment firm Mechanism Capital is launching a $100 million fund focused on Play-to-earn (P2E) games, according to Blockworks. The new fund, named Mechanism Play, will focus entirely on gaming investments and the co-development of new games. Former Apple App Store games business manager Steve Cho will co-lead the fund. "Play-to-earn has barely penetrated the ...
Crypto investment firm Mechanism Capital is launching a $100 million fund focused on Play-to-earn (P2E) games, according to Blockworks.
The new fund, named Mechanism Play, will focus entirely on gaming investments and the co-development of new games.
Former Apple App Store games business manager Steve Cho will co-lead the fund. "Play-to-earn has barely penetrated the gaming market, but we expect this to change in the next few years with mobile leading the way," said Andrew Kang, co-founder of Mechanism Capital.
Founded in 2020, Mechanism Capital is a venture capital investment firm based in the United States. The firm prefers to invest in the crypto ecosystem and DeFi sectors, but its portfolio has expanded to crypto game projects include Yield Guild Games, Merit Circle, and more.
By Mary Liu
Tags: Andrew Kang,DeFi,Fund,Game,Mechanism Capital,P2E
Link: Crypto VC Mechanism Capital Launches $100M Fund Focused On P2E Games [Copy]
