The cryptocurrency industry is in crisis, but investors like Konvoy Ventures still see potential. The gaming-focused VC firm has raised $150 million for a new fund, which it plans to announce Wednesday. It will aim to spend about 20% to 30% of that money on blockchain and crypto-related games.
Konvoy Ventures, founded in 2018 by brothers Josh and Jason Chapman and their childhood friend Jackson Vaughan, has already made big bets on blockchain technology. The Denver-based firm backed Sky Mavis, the developer of Axie Infinity, a virtual world where players breed and battle monsters attached to nonfungible tokens — one of the best-known blockchain ...
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