{"id":355242,"date":"2021-10-20T05:30:08","date_gmt":"2021-10-20T02:30:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/galaxy-interactive-raises-another-325m-fund-aimed-at-metaverse-and-next-gen-games\/"},"modified":"2021-10-20T05:30:08","modified_gmt":"2021-10-20T02:30:08","slug":"galaxy-interactive-raises-another-325m-fund-aimed-at-metaverse-and-next-gen-games","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/galaxy-interactive-raises-another-325m-fund-aimed-at-metaverse-and-next-gen-games\/","title":{"rendered":"# Galaxy Interactive raises another $325M fund aimed at Metaverse and next gen games"},"content":{"rendered":"<p>&#8220;<strong># Galaxy Interactive raises another $325M fund aimed at Metaverse and next gen <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvOTRmNGRlZjctNDBkNC00Mzk0LTk4NDctNDY0NzMxMzlkMjAwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Galaxy Interactive, a venture capital firm focused on next generation interactive technolo, has announced it has raised $325 million for its second fund from 70 different investors.<\/p>\n<p>The fund is focused on virtual and augmented reality, artificial intelligence, and blockchain-based games.<\/p>\n<p>In an Oct. 19 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/investor.galaxydigital.io\/news\/news-details\/2021\/Galaxy-Interactive-Raises-an-Additional-325-Million-for-its-Second-Interactive-Content-and-Technology-Venture-Fund\/default.aspx\">announcement<\/a>, Galaxy Digital, the majority owner of Galaxy Interactive, stated that $150 million from the fund has already been allocated to new portfolio companies including Republic, 1047 Games, Elodie, ROAR, Art Blocks and Masterworks with other additional investments to be announced in coming months.<\/p>\n<p>Established in 2018 by <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> partners Sam Englebardt and Richard Kim, the company now has more than $650 million in assets under management and has invested in more than 75 companies.<\/p>\n<p>Englebardt describes the interactive sector as \u201cthe intersection of content, finance and tech\u201d and believes it will drive considerable growth. The firm is notably focused on digital collectibles and the Metaverse, as Englebardt believes digital ownership via NFTs is a foundational pillar for a more immersive version of the internet. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ZcivfAllE2\">https:\/\/t.co\/ZcivfAllE2<\/a><\/p>\n<p>What would you invest in if you believe, as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/galaxyRTK?ref_src=twsrc%5Etfw\">@galaxyRTK<\/a> and I so fundamentally do, that younger generations are moving en masse from the physical to the digital world?  <\/p>\n<p>May you live in interesting times\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/galaxyRTK?ref_src=twsrc%5Etfw\">@galaxyRTK<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/novogratz?ref_src=twsrc%5Etfw\">@novogratz<\/a><\/p>\n<p>\u2014 Sam Englebardt (@samenglebardt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/samenglebardt\/status\/1450492449663504384?ref_src=twsrc%5Etfw\">October 19, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Mike Novogratz, Founder and CEO of Galaxy Digital, said the two general partners had seen the potential of the sector very early on: <\/p>\n<blockquote><p>&#8220;They [Englebardt and Kim] were the first people to pound my desk insisting that gaming and digital objects \u2014 which weren&#8217;t even called \u2018NFTs\u2019 yet \u2014 would provide the biggest opportunity for blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> to scale and that Galaxy Digital needed to specialize in this space.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitfury CEO confirms IPO considerations are part of expansion plans<\/em><\/strong><\/p>\n<p>Money is flowing into the sector with Bitkraft Ventures, one of the biggest investors in game and eSports startups launching a $75 million token fund earlier this month focused on blockchain gaming and digital entertainment.<\/p>\n<p>Outside of interactive content, reports surfaced today that Multicoin Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theinformation.com\/articles\/multicoin-capital-targets-250-million-for-third-crypto-vc-fund\">intends<\/a> to raise $250 million by the end of 2021 for a third venture fund aimed at crypto startups.<\/p>\n<p>In June, Andreessen Horowitz raised its third crypto fund, at a $2.2 billion valuation, making it the biggest-ever crypto venture fund.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/galaxy-interactive-raises-another-325m-fund-aimed-at-metaverse-and-next-gen-games\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Galaxy Interactive raises another $325M fund aimed at Metaverse and next gen games &#8221; Galaxy Interactive, a venture capital firm focused on next generation interactive technolo, has announced it has raised $325 million for its second fund from 70 different investors. The fund is focused on virtual and augmented reality, artificial intelligence, and blockchain-based&#8230;<\/p>\n","protected":false},"author":1,"featured_media":355243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvOTRmNGRlZjctNDBkNC00Mzk0LTk4NDctNDY0NzMxMzlkMjAwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75719,91498,95118,96725,59198,117,80,73711,4965,71745,17813],"class_list":["post-355242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-funding","tag-metaverse","tag-nft","tag-press-release","tag-augmented-reality","tag-business","tag-games","tag-investments","tag-technology","tag-venture-capital","tag-virtual-reality"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/355242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=355242"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/355242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/355243"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=355242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=355242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=355242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}