![]() ![]() “If you’re going to both on and off-ramp cryptocurrency and also allow trading within that, you need to think about compliance. “When you’re a large gaming publisher, you have players in maybe 150 jurisdictions around the world,” Wu explained. ![]() (2. Strangeworks Inc., a quantum computing company, announced that it has secured 24 million in a Series A funding round led by Hitachi Ventures, with participation from IBM, Raytheon Technologies. Lightspeed’s enterprise sectors beyond cybersecurity include big. That could amplify the challenge for major game publishers considering crypto-fueled creations. Lightspeed Venture Partners Select V, L.P. In 1999, four investment professionals founded Lightspeed Ventures to serve entrepreneurs in enterprise and consumer markets. That’s why I’m especially thrilled to announce Lightspeed’s seed investment. The wider crypto industry is still in need of regulatory guidance, particularly regarding whether certain types of tokens are considered securities. It isn’t every day I get to introduce a new genre-defining social app. Video games are often launched internationally, which means there’s a sizable number of countries’ regulations to contend with. Wu expects hundreds of crypto-fueled games in the coming years, but said that major publishers exploring the space are still trying to figure out the potential for regulatory hurdles. “You have a lot higher volumes of liquidity, and it’s actually a good way for a player to spend however much money they want to in a game, which was previously constricted.” “If you have in-game items that are traded as NFT items, either in the closed ecosystem of that gaming publisher or outside of it, you can really deepen the game economy substantially,” she told Decrypt. Get the latest news, startup investment, portfolio updates, fund launches & initiatives about Lightspeed Venture Partners, an active investor in the Indian. AUSTIN, Texas, /PRNewswire/ - Wheel, the health tech company making virtual care work for everyone, announced a 50 million Series B investment led by Lightspeed Ventures with. On top of all of that, Wu said, blockchain games can bolster revenue for publishers compared to traditional games, thanks to a user-owned economy that continually provides a cut of sales. Upcoming games like The Sandbox and Star Atlas have similarly built communities with NFT sales before a playable game is even available, engaging early fans with the prospect of ownership and being early “founders.” On Thursday, Axie airdropped $60 million worth of AXS tokens to early players. Axie Infinity did this, as the game has gradually expanded since development began in 2017, with plenty more planned upgrades ahead. The Silicon Valley-based VC firm is now averaging two early-stage deals per month in Europe and it’s poached its second European partner: Julie Kainz, previously at Dawn Capital, who joined in January.
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