TLDR:
- a16z is set to invest $75 million in Web3 gaming startups through SPEEDRUN program
- Selected startups will receive financial backing, mentorship, and access to a16z’s network
Leading venture capital firm, Andreessen Horowitz (a16z), has announced a bold move to invest $75 million in Web3 gaming startups through its SPEEDRUN program. Each selected project will receive $750,000 in funding and access to a16z’s network of industry experts, mentorship opportunities, and strategic guidance to enhance their chances of success in the competitive Web3 gaming industry. The program, overseen by General Partner Andrew Chen, will focus on investing in technologies like AI, VR/AR, and web3 games. The timing of a16z’s investment aligns with a renewed interest in the Web3 gaming sector, with a collective movement from major players like Immutable, Polygon Labs, and King Capital launching a $100 million IGF fund dedicated to Web3 gaming. This industry consensus highlights the strategic importance of blockchain technologies in shaping the future of gaming.
