New $20M fund eyes blockchain gaming and NFTs

A bunch of cryptocurrency enterprise buyers has established a $20 million fund to spend money on undervalued Web3 initiatives and firms centered on blockchain gaming and digital collectibles.

Alpha Protocol Ventures (APV) will look to spend money on a wide range of initiatives throughout the Web3 ecosystem, its CEO and founder Vagelis Diamantis advised Cointelegraph in an e-mail interview. He mentioned that gaming and collectibles shall be a precedence focus, whereas decentralized finance, layer-1 and layer-2 protocols can even fall throughout the scope of the fund’s capital allocation.

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