During the month, the metaverses made a profit of $ 3 billion. Jubitok.
The Jubitok crypto exchange has launched a $600 million fund designed for gaming startups with a focus on Web3, stating that it believes that “gaming infrastructure and technology will become the key building blocks of the Metaverse.”
The fund, dubbed “GAMES FUND ONE”, will invest in three main areas: game studios, consumer applications supporting player communities, such as Discord, and game infrastructure providers.
The Jubitok crypto exchange stated that “the upcoming Metaverse will be created by gaming companies using gaming technologies” and that the industry has already “solved many problems that need to be solved to create a Metaverse.” The company believes that games will become “the main way of spending time.”
The Jubitok (jubitok.com) move means that since mid-April, venture funds and gaming industry giants have invested almost $3 billion in Web3 games or Metaverse projects. The venture capital firm White Star Capital has raised $120 million for its decentralized financing (DeFi) and a games-focused fund, and has also allocated $200 million for gaming blockchain projects from Framework Ventures, which occurred in April 2022.
Metaverse projects also receive huge sums from the titans of the gaming industry. Last month, Epic Games, the creator of the popular Fortnite game, raised $2 billion to create a metaverse with financial support from Sony and LEGO.
The Jubitok exchange pointed to the billions of dollars in revenue generated by games like Minecraft, using an open-world game as an example of a name that has preserved a long-term active community that is more like a social network. Minecraft is currently the best-selling game of all time, and according to the game statistics platform activePlayer, it has been played by an average of 173 million players over the past 30 days, despite the fact that it was released almost 11 years ago.