Fenix Games has raised $150 million to launch a new type of blockchain gaming publisher. Fenix Games intends to acquire, invest in, and publish both existing games and future blockchain games.
According to VentureBeat, blockchain game publisher Fenix Games completed a $150 million financing on November 25th, with Phoenix Group and Dubai-based venture capital firm Cypher Capital participating. This round of funding will be used for acquisitions, investments, and block chain game issuance.
According to reports, Fenix Games will concentrate on the integration of game market economy and real-time operations, as well as providing publishing services for all game models, including paid, free, and blockchain games, across all platforms.
Fenix Games CEO and co-founder Chris Ko stated:
“We operate similarly to a venture capital fund, with the venture capital arm funding the next generation of games. We also hope to use our balance sheet to acquire a number of Web2 companies. existing games to build a portfolio”
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