- Coliseum has launched a $2 million fund to support Web3 gaming projects, offering investments of up to $250,000 and access to its ecosystem.
- The initiative aims to address funding, audience, and marketing challenges in Web3 gaming, fostering innovation and scalability in the sector.
Coliseum, a competitive gaming platform with a network of over 2.5 million active players, has announced the launch of a $2 million investment fund aimed at accelerating the growth of promising Web3 gaming projects. The initiative goes beyond financial backing, offering access to Coliseum’s marketing resources, strategic expertise, and extensive gaming ecosystem.
The fund will provide investments ranging from $50,000 to $250,000 to projects with high growth potential and a focus on innovation. In addition to funding, selected projects will be integrated into Coliseum’s ecosystem, connecting them with millions of players and key industry stakeholders.
According to Thomas Zaepffel, CEO and Co-Founder of Coliseum, the fund is designed to empower Web3 gaming leaders to “build, scale, and succeed” by combining capital with community access and industry expertise.
The Web3 gaming sector, valued at $26.38 billion in 2023, has seen rapid growth, yet many projects face challenges such as limited funding, underdeveloped audiences, and gaps in marketing capabilities. Coliseum’s fund addresses these barriers, providing resources that enable developers and studios to scale more effectively.
This initiative is expected to create ripple effects across the gaming ecosystem, benefiting not just individual projects but also developers, gamers, and industry stakeholders. By fostering growth within the Web3 gaming space, Coliseum aims to enhance value for all participants in the sector.
Applications for the investment fund are open to gaming studios, guilds, and Web3-focused projects looking to scale their operations.
Coliseum, backed by investors such as Kraken Ventures and NBA player Kevin Durant, has established itself as a key player in the competitive gaming space. With support from industry partners like Razer and Yuga Labs, the platform continues to host tournaments and provide opportunities for game studios and esports enthusiasts worldwide.
Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by Harshajit Sarmah.
