A maker of mobile games based in Japan has launched a $30 million investment fund focused on cryptocurrencies and blockchain.
Gumi is a maker and publisher of games, including titles such as Brave Frontier and Final Fantasy: Brave Exvius (on which it served as a collaborator along with Square-Enix and another firm, Alim).
"We decided to create a fund that enables us to engage more directly with early-stage blockchain and cryptocurrency startups, in order to be more effective partners and have a real impact in the market," Kunimitsu told the publication in a statement.
And while the fund's debut is new, it's already made some investments in the space. These include stakes in Basis, the company behind one of several "stablecoins," and – perhaps less surprisingly – Robot Cache, which is looking to build a blockchain-powered competitor to Steam, the gaming distribution platform.
Matsumura told GamesBeat that the fund would invest in both equity and tokens directly.
"We like early stage. We invest in equity or tokens. We like financial services. We like game technologies, and we believe there is a strong connection between gaming and crypto," he was quoted as saying.
Image via Shutterstock
Read more about
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.