Blockchain
Farquhar Venture Capital partners with TZ Apac to accelerate Web3 games on the Tezos blockchain
Farquhar Venture Capital (FVC), a leading backer of early stage companies in Singapore and Southeast Asia, is announcing a strategic partnership with TZ Apac to catalyse the growth of Web3 gaming on the Tezos blockchain. Both parties will pool financial and other resources to support the integration of browser and mobile games into the Web3 ecosystem.
As an active member of the Innovation ecosystem, FVC has backed promising startups across a wide variety of sectors, such as Spark Systems, Fairphonic, and Beep Technologies. This latest endeavour will see FVC commit financing from existing or upcoming thematic funds into upcoming Web3 game startups and projects that will utilise the Tezos Blockchain. As these projects would also receive funding and other support from TZ Apac, a Singapore-based adoption hub for the Tezos blockchain, this becomes a synergistically perfect opportunity for Web3 games to ascend to greater heights within and beyond the Tezos ecosystem.
“After recent investments into Game-tech startups such as Lockpick Learning and the EMERGE Group, this partnership is a timely opportunity to enter into the world of Web3 and to partake in its exponential growth,” said FVC Managing Partner and Chief Investment Officer Jason Su.
To-date, FVC has invested into 40 startups, of which a significant majority of these companies have successfully established enduring partnerships, scaled beyond their domestic markets, and attracted follow-on investments. Hence, FVC’s timely entry and partnership with TZ Apac underscores its commitment to driving impactful growth in the Web3 gaming sector.
Tezos emerged as the preferred partner for this ambitious initiative, offering a robust, and scalable blockchain protocol ideally suited for Web3 gaming and Real-World Assets (RWA) projects. As more gaming projects use Tezos, the partnership between FVC and TZ Apac promises to boost the Tezos ecosystem through strategic investments and accelerator support for projects adopting the protocol.
“We are thrilled to collaborate with FVC in propelling the adoption of Web3 gaming. Tezos’ community-driven ethos, coupled with its energy efficiency and scalability, positions it as the platform of choice for pioneering ventures seeking to innovate in the blockchain gaming space.” said Jason Lim, TZ Apac Games Adoption for the Tezos Ecosystem.
With other partners from Asia expressing keen interest in exploring gaming and RWA projects powered by blockchain technology, FVC’s expansion into Web3 investments holds immense promise for the broader ecosystem. By combining FVC’s strengths in traditional Web2 spaces with the rapid growth potential of Web3 gaming, this partnership is set to deliver tangible impact and drive the next wave of innovation.
Moreover, this partnership signifies a boon for the Tezos gaming ecosystem. Since the inception of the adoption hub’s gaming vertical in late 2022, the dedicated efforts of the team have been validated by this collaboration and other recent partnerships. EMERGE Group, a Southeast Asia marketing technology firm specialising in IP and gaming partnerships, announces a strategic collaboration with TZ APAC to accelerate the onboarding of Web3 games onto the Tezos ecosystem. Additionally, the KAP Co-Grant Program, in partnership with TZ APAC, aims to bring faster financial support, development resources, and marketing partners to propel the future of Web3 gaming on the Tezos blockchain.
Just last month, CoinBlast was the second fastest growing blockchain game and charted number 45 in the DappRadar Insights Blockchain Game Rankings, becoming the first Tezos game in the Top 50. GoLive Games’ Cricket Stars, India’s first strategy-based NFT cricket game, launched on Tezos in 2023, achieved a milestone of over 5,000 monthly active users and facilitated more than 12,000+ NFT transactions in January 2024. Rhythm game Star Symphony currently has 20,000 registered users and more than 100 songs in the library and some are generated by users, showcasing the potential of community driven games. MetaPals recently unveiled its Alpha version, paving the way for NFT minting starting in March. With beloved characters from iconic franchises like Teletubbies and Minto the horizon, MetaPals promises to captivate audiences and enrich the Tezos gaming ecosystem with its innovative offerings.
The post Farquhar Venture Capital partners with TZ Apac to accelerate Web3 games on the Tezos blockchain appeared first on HIPTHER Alerts.
Blockchain
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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