Andreessen Horowitz Venture Company (a16z) reported At the launch of a $600 million fund focused on “game infrastructure and metaverse technologies”.

GAME FUND OPEN It will focus on funding studios, infrastructure initiatives and a wide range of applications that will revolutionize the gaming industry. The company’s analysts estimate its current market capacity at $300 billion.

Currently, Web 3.0 is more of a set of ideologies, but virtual reality technologies are created for metaverses with models. P2E The company said it will form the basis of this concept.

The structure will support portfolio companies from building digital communities to selecting development teams, managing the virtual economy and licensing intellectual property.

The fund has attracted the following experts as experts:

• David Baszuki, founder of Roblox;
• Jason Citron, founder of Discord;
• Mark Merrill, co-founder of Riot Games;
• Mike Morheim, co-founder of Blizzard;
• Alex Larsen and Jeffrey Zirlin, co-founders of Sky Mavis;
• Kevin Lin, co-founder of Twitch
• Mark Pinkus, founder of Zynga;
• Riccardo Zacconi, founder of King.

In the past, a16z has supported developers Zynga, Oculus, Roblox and Axie Infinity.

Recall that in April a16z opened a section for research in the field of cryptocurrencies and other technologies related to Web 3.0.

In March, Haun Ventures, led by former a16z general partner Kathy Haun, raised $1.5 billion in two crypto funds with a similar focus.

Previously, Pantera Capital and Uniswap Labs were launched with a focus on Web 3.0.