Bitkraft, a gaming-focused Venture Capital firm, has announced the successful close of its second ‘Token Fund’. With a total target of $240 million, they managed to raise $220.6 million and register themselves as an Investment Advisor to the U.S. Securities and Exchange Commission (SEC).

The fund has been designed to invest in the rapidly advancing blockchain gaming and digital entertainment sphere. Bitkraft is founded by gaming and esports veteran Jens Hilgers who is committed to bridge the divide between Web2 and Web3 investments. Currently, the firm has about $125 million worth of AUM (assets under management) with one third being dedicated to Web3. This includes specialized funds for esports, general venture capital and the two “token” funds.

According to Bitkraft partner Carlos Pereira, the main focus is to deliver excellent games with the use of the latest tools available. By investing in both the equity and the token, they strive to design games that creates value in both primary and secondary sales. They believe this will to bridge the gap, allowing them to create premium gaming experiences and quality product that are blockchain friendly.

The massive influx of developers who were attracted by the 2021 GameFi bull market shows how large the gaming industry has grown, but Pereira also mentioned his optimism at a bear market. He believes some of the projects may take up to 4 years to find success and he is certain that these developers will eventually make their mark.

Although 2021 may have been an exciting year, the industry has nowhere to go but up. The industry is in a very advantageous place and it'll be very interesting to watch developers, like those that Bitkraft is backing, make their mark on the gaming industry.



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