Blockus Becomes Part of the Eterna Capital Portfolio
We are excited to officially announce our recent investment into Blockus.
OFFICIAL ANNOUNCEMENT here.
Blockus is an all-in-one ecosystem for Web3 gaming, enabling games to add Web3 capabilities seamlessly.
Our investment in their pre-seed round was led by Maple VC, with participation from Altos Ventures, ArkStream Capital, GFR Fund, MH Ventures, Orange DAO, Press Start Capital, Wagmi Ventures, Zephyrus Capital, and multiple notable angels.
Gaming is one of the fastest-growing verticals in Web3 and already accounts for over 62% of all decentralized application (Dapp) activity. According to a recent report[1], the Web3 gaming market is expected to reach over $600bn by 2030 from 2023’s $8.9bn market size, with a CAGR of 22%. At the heart of this growth lies the widespread adoption of non-fungible tokens (NFTs), innovative gaming models, and the seamless integration of blockchain technology with mobile gaming. The ubiquity of smartphones has made them a perfect vehicle for blockchain games, significantly broadening the audience by leveraging the mobile gaming sector, already the largest cohort of gamers worldwide. NFTs have transformed the gaming landscape by granting players genuine ownership of their in-game assets. This shift not only fosters a dynamic virtual economy within games but also amplifies player engagement through the prospects of trading, selling, and creating unique digital assets.
Blockus’s platform offers a compliant and seamless wallet-as-a-service, a white-label NFT marketplace, and integrated fiat and crypto payments tailored for the gaming industry. By empowering game studios to effortlessly incorporate blockchain features and concentrate on player acquisition, Blockus stands to eliminate the complexities of blockchain infrastructure development. This positions Blockus as a key player in ushering in this new era of gaming, where the focus shifts towards enhancing user experience, player ownership, and decentralization.
The Blockus team was accelerated by the a16z CSS in 2023. Blockus has already secured over 30 partnerships, including Web3 game developers like Ambrus Studio and gaming Layer 1 and Layer 2 chains like Polygon and Sui. Furthermore, Blockus supports more traditional gaming platforms like Epic Games’ Unreal Engine.
To celebrate its funding announcement, Blockus is extending an offer of $20,000 in credits to potential clients for the next two weeks. Teams can apply on Blockus’ website for these credits and meet the Blockus team at the GDC (Game Developers Conference) in SF next week, you can request to join here.
With our participation in this round, we are pleased to be part of Blockus’s mission to create a development ecosystem for seamless game experience creation and thus interconnect the open virtual economy.
About Blockus
Blockus is a complete Web3 gaming economy ecosystem. Beautifully built, fully compliant, and seamlessly integrated into games, the company’s mission is to create a future where players have true ownership of their in-game assets and where gaming experiences are more immersive, engaging, and rewarding.
For more information, visit https://www.blockus.gg/ or follow Blockus on Twitter.
About Eterna Capital
Eterna Capital is an investment company focused on blockchain technology. Eterna Capital supports entrepreneurs that envision bold innovative ideas, and have the plan in place to make them happen. Eterna Capital is committed to help them reach their ambitious goals by providing unique insights and support.
For more information, visit www.eternacapital.com or follow Eterna Capital on LinkedIn and Twitter.
[1] https://cryptoslate.com/analysts-expect-web3-gaming-industry-to-hit-614b-by-2030/
Disclaimer: This post is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice, or investment recommendations. This post reflects the current opinions of the authors and does not necessarily reflect the opinions of Eterna Capital, its affiliates, or individuals associated with Eterna Capital. The opinions reflected herein are subject to change without being updated.
