// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> a16z is Set to Pour $75 Million for Web3 Gaming Startups – CoinsMegaNews

a16z is Set to Pour $75 Million for Web3 Gaming Startups

1 year ago CryptoExpert
a16z Sets the Stage with $75 Million Investment in Web3 Gaming Evolution

[ad_1]

Leading venture capital firm Andreessen Horowitz (a16z) is boldly confident in the Web3 gaming industry, announcing a significant increase in funding for promising startups. With a total of $75 million now earmarked for investment, a16z is offering $750,000 to each selected project in the third installment of its SPEEDRUN fund.

SPEEDRUN is an early-stage accelerator for startups from a16z Games. Startups selected for the a16z SPEEDRUN fund will receive more than financial backing.

They will gain access to a16z’s extensive network of industry experts, strategic guidance, and invaluable mentorship opportunities. With all this support, these startups will significantly increase their chances of success in the competitive Web3 gaming industry.

a16z Latest Investments Funds Mark Optimism in the Web3 Gaming Industry

Andrew Chen, General Partner at a16z Games, oversees the initiative and will allocate $30 million of the total investment.

“We are investing at the intersection of TECH x GAMES which means AI/infra, 3D tools, VR/AR, web3 games, gamified consumer apps, and much more,” Chen wrote.

Read more: What Is GameFi?

This year’s SPEEDRUN program will run from July 29, 2024, until October 20, 2024, in Los Angeles, US. Those startups who are interested in joining the program are encouraged to enroll before May 19, 2024.

The timing of a16z’s investment is particularly noteworthy, coinciding with a renewed surge of interest and investment in the Web3 gaming sector. Earlier in January 2024, Immutable, Polygon Labs, and King Capital launched the “Inevitable Games Fund” (IGF),” a $100 million dedicated Web3 gaming fund.

This collective movement signals a broader industry consensus on the strategic importance of blockchain technologies in shaping the future of gaming.

Furthermore, research from CoinGecko reveals that more than 70% of the top gaming studios are actively investing in Web3 gaming ventures. Although this shows the future potential and promise behind the Web3 gaming industry, CoinGecko noted some potential challenges ahead.

Read more: Top 7 Metaverse Games to Play in 2024

List of Top Video Games Companies and Their Web3 Initiatives
List of Top Video Games Companies and Their Web3 Initiatives. Source: CoinGecko

Several emerging key considerations, according to CoinGecko, are the quest for blockchain’s killer product, player-centric rewards, market expansion, and regulations and compliance.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

[ad_2]

Source link

More Stories

Futuristic chip manufacturing facility showcasing Samsung alongside OpenAI expanding their chip manufacturing capacities in Texas.

Samsung secures $6.4B grant from US gov’t to expand chip manufacturing in Texas

1 year ago CryptoExpert
Traders’ Gaming Escape: Unwind, Have Fun, and Experience Banksters

Unwind, Have Fun, and Experience Banksters

1 year ago CryptoExpert
The Interview With CoinEx at the WOW Summit

The Interview With CoinEx at the WOW Summit

1 year ago CryptoExpert
Bitcoin Halving Incoming: This AI May Let You Profit From Market Volatility

This AI May Let You Profit From Market Volatility

1 year ago CryptoExpert
Binance Labs scientists experimenting on Bitcoin restaking.

Binance Labs invests in Bitcoin restaking protocol BounceBit

1 year ago CryptoExpert
Voyager Digital Rallies $484 Million in Recovery Efforts, Aims for Rapid Creditor Repayment

When Can You Withdraw Funds?

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Ideal Neteller Gambling Enterprises: A Comprehensive Overview

1 day ago xtw18387208b

No Account Casino Site: The Future of Online Betting

1 day ago xtw18387208b

Free Slots No Download And Install: The Ultimate Overview

1 day ago xtw18387208b

The Increase of Online Port Gamings: A Comprehensive Guide

1 day ago xtw18387208b