Fnatic has announced a strategic partnership as well as investment from cryptocurrency asset manager Hivemind Capital.
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British esports organization Fnatic has announced a strategic partnership as well as investment from cryptocurrency asset manager Hivemind Capital.The deal is part of a funding round that also included a number of other crypto organizations ranging from metaverse platform Guildfy to gaming and Web3 investment fund WW Ventures.The organization claims that its new investors will help “further technical ambitions” and allow Fnatic to develop its own Web3 applications. The team will explore digital economies of scale to enhance gaming performance and quality of gaming experiences.If you need more information about Fnatic Secures Investment and Partnership with Hivemind Capital then read carefully and share with your friends.
The deal builds on Fnatic’s existing work with Hivemind Web3. The organization agreed an £11m partnership deal with industry giant Crypto.com in September 2021, and has since built its own blockchain-based fan membership programme.Fnatic has historically been enthusiastic about diversifying its opportunities in its efforts to become a gaming lifestyle brand. Fnatic has its own line of native gaming peripherals, including a line of upcycled Chopstick desks in partnership with ChopValue. The organization also recently released a feature length lo-fi hip-hop album in collaboration with 40 music producers.
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Hivemind Capital Partners (“Hivemind”) is a crypto-focused investment firm dedicated to blockchain technologies, crypto companies and the digital asset ecosystem. Founded by Matt Zhang, former head of Citi’s structured products trading, Hivemind leverages a convergent multi-strategy approach to create start-to-finish capital solutions for entrepreneurs, and category-leading institutionalization of crypto investments. Provides infrastructure.Its inaugural multi-strategy venture will deploy capital across verticals including crypto infrastructure, blockchain protocols, open internet, programmable money and virtual worlds.
Hivemind is a relatively new company, founded in late 2021 by former Citibank executive Matt Zhang. The company primarily invests in crypto infrastructure, the Metaverse and other Web3 projects. However, Zhang claimed that Fnatic’s global fan base and its place in gaming culture made the team a ‘natural candidate’ for a sponsored acceleration of its Web3 efforts.
Fnatic CEO Sam Matthews commented in a press release that the blockchain-enabled digital asset had the potential to be an ‘accelerator’ for gaming communities.He added: “Partnering with Hivemind is a big step for us towards a world where every gamer owns their own digital assets and most games have an app-store-like developer-user ecosystem that is transparent, thriving and supports millions of users. Enables gamers to make a living by gaming.If you like this article then share with your friends , keep supporting us.
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