The venture arm of cryptocurrency wallet, data and exchange provider Blockchain has taken a stake in blockchain game technology firm Enjin.
Blockchain Ventures said on Tuesday that the investment makes it the first equity investor in the gaming tech firm, which enables tokenized in-game items to be ported across ethereum-based titles built using its platform.
Blockchain Ventures didn't disclose the amount of the investment.
Singapore-based Enjin has built a number of apps to support its ecosystem, including a blockchain wallet, a marketplace for collectibles and a game-development platform allowing third-party devs to include blockchain in their projects.
Among the reasons it's now an Enjin backer, Blockchain Ventures said:
Blockchain had been for years primarily a top bitcoin wallet and blockchain data provider, but has more recently been expanding its offerings. The firm announced a new crypto exchange platform – oddly dubbed The PIT – back in July, and was said to be raising a $50 million cryptocurrency-focused VC fund last month.
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