The majority of tokenized treasuries are based on Ethereum, with a 57.5% market share. However, firms such as Franklin Templeton and Wisdomtree Prime have opted to issue on Stellar, which currently has a 39% dominance.
The majority of tokenized treasuries are based on Ethereum, with a 57.5% market share. However, firms such as Franklin Templeton and Wisdomtree Prime have opted to issue on Stellar, which currently has a 39% dominance.
Immutable, a blockchain development company, and Polygon Labs, known for its significant contributions to the blockchain infrastructure, have announced a partnership to establish a $100 million fund dedicated to Web3 gaming. This partnership is intended to spur the development of early-stage gaming startups in the blockchain space, thus ensuring impressive growth in the emerging sector.
Collaboration and Fund Objectives
The newly created fund, Inevitable Games Fund (IGF), is supposed to be an ecosystem-agnostic that emphasizes on the potential of Web3 gaming regardless of the underlying blockchain technology. This strategy offers many investment options, targeting the production of innovations and development in the whole industry. The fund’s investment strategy will be led by King River Capital, a venture capital firm that uses its digital asset investing experience to select and provide support to the most prospective gaming startups.
Immutable and Polygon Labs’ expertise in blockchain and gaming provides the fund with the capacity to identify and develop emerging businesses. The partnership benefits, however, from a number of well-established alliances and mutual investments, providing a platform for a united push of the Web3 game industry.
Libre, the startup led by tokenization pioneer Avtar Sehra and working with Nomura's Laser Digital, Brevan Howard's WebN group and private markets giant Hamilton Lane, has gone live, the company said on Tuesday.
As well as tokenized access to Brevan Howard funds and Hamilton Lane's fixed-income type products, Libre has added a blockchain-based version of a BlackRock money-market fund using Ethereum layer 2 Polygon's development kit, so investors can earn yield while parking their capital.