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VanEck is making strides into the Web3 gaming arena by leveraging its expertise in cryptocurrency exchange-traded funds (ETFs). The company seeks to expand its presence in the crypto landscape through innovative investments. What Is VanEck’s Latest Gaming Partnership? Recently, VanEck announced its partnership with Gunzilla Games, marking a significant investment in a blockchain gaming platform. According to Matt Maximo, a blockchain specialist at VanEck, this investment signifies the company’s ongoing commitment to the gaming industry. How Does the GUNZ Platform Work? Gunzilla Games has unveiled its blockchain-based platform, GUNZ, which operates on the Avalanche infrastructure. This platform is designed to enhance gaming experiences by offering low transaction costs and integrating in-game tokens for a smooth interaction. The GUNZ platform embodies a “Play-to-Own” model, emphasizing transparency and authenticity. It will be utilized in Gunzilla’s upcoming Battle Royale game, Off The Grid (OTG), allowing players not only to own digital assets but also to influence the narrative of the game. VanEck has invested in Gunzilla Games to amplify its footprint in gaming. The GUNZ platform is founded on Avalanche, promising low fees. Strategic focus on gaming aligns with VanEck’s overall digital asset strategy. Matthew Sigel, VanEck’s digital asset strategist, noted in a CNBC interview that while new players are entering the sector, those unaware of its potential are stepping back. VanEck’s investments could play a pivotal role in bridging digital assets with the gaming world. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/vaneck-invests-in-web3-gaming-sector

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Filed under: News - @ November 1, 2024 6:23 am