Bandai Namco Will Establish a 3 Billion Yen Fund to Invest in Web3 and Metaverse Companies
Bandai Namco, a traditional video game publishing company, has announced the establishment of a fund with a one-year target of 1 billion yen and a three-year target of 3 billion yen to invest in Web3 and metaverse gaming companies.
The gaming company has formed the “Bandai Namco Entertainment 021 Fund,” a startup investment fund that will invest in blockchain firms in Japan and abroad, as well as start-ups working in the Web3 and metaverse space.
With the purpose of accelerating decision-making on the creation of an IP (Intellectual property) Metaverse and the development of a new entertainment system, the investment scale has been agreed to be 1 billion yen each year and 3 billion yen in three years. The company intends to combine its IP axis approach with the dynamism of start-ups.
Furthermore, the Japanese gaming company is said to be investing 15 billion yen in the development of the metaverse, which will feature combat robots and other characters from the company’s famous Gundam franchise.
Bandai Namco announced a $140 million investment in an “IP Metaverse” in February. Fans will find out a month later that the mysterious IP in question for this Metaverse project was none other than Gundam. With an official “The Gundam Base Gunpla Colony Store” virtual space testing in the fall before debuting in 2023, this virtual platform seeks to integrate physical and digital Gundam material into a single virtual space, with the goal of operating a large-scale Metaverse by 2025.
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