The growth rate of Web3-based crypto games and related platforms has increased rapidly. A once small part of the cryptocurrency industry is now a multi-billion dollar industry with millions of users worldwide. Traditional gamers have also started to gradually turn to this highly rewarding genre of games.
Naturally, they also involve themselves in the world of cryptocurrencies. In the past couple of years alone, the blockchain industry has established itself as one of the most innovative and game-changing technologies that could see exponential growth in the years to come. And such opportunities are exactly what top venture capitalists and similar organizations are always on the lookout for.
Andreessen Horowitz has been very prominent in the financial markets for his investments in various businesses within and outside the crypto industry. These companies include big names such as Facebook, Lyft, Airbnb, Coinbase, etc. The company is also no stranger to the world of indoor blockchain and has already been involved in several major projects.
Due to its public efforts to help several crypto companies support their big projects, the company has been highly praised. This comes at a time when the industry is suffering from a major correction and general bearish sentiment.
a16z – An overview
Founded by Marc Andreessen and Ben Horowitz, Andreessen Horowitz, commonly referred to as a16z, is headquartered in California. Launched in 2009, the company has shown speed and wisdom in the investments it has made over several years. For this reason, a16z is currently one of the best venture capital firms in the world.
a16z’s services span not just one or two industries, but a variety of them ranging from education and social media to gaming and e-commerce. But in recent months, the company has become more oriented and has invested large sums in IT companies and crypto organizations or projects.
As of April 2022, a16z manages assets worth over $28.2 billion.
Web3 may be the future
The investment firm has announced its plans and reasons for investing heavily in Web3 projects in the future, following a report it recently produced. The report summarizes the benefits of Web3 and ecosystems like Ethereum in the future. They also compared this use of technology with current sources of communication and commerce.
a16z claimed that despite the popularity and wide network that companies like Meta, a Web2 solution, can offer, Web3 projects in the same category were much fairer economically. It differentiated several social media platform payouts to its creators versus those who used Web3.
The report contained a detailed explanation of why the company believed Web3 could potentially take over its competitors. He was talking about Ethereum as a top asset, which had further increased due to quality performance and lower fees. Currently, Ethereum’s native ETH token sits around $1633 with a market capitalization of over $198 billion.
Since its introduction into mainstream media over a year ago, crypto has been hailed as the next big thing after the internet. While major organizations speculate that it is such a concept, the a16z report confirmed that they agree with the opinion. They said that technology and Web3 will grow at the pace of the Internet during the Internet boom.
It is true that cryptocurrencies and the blockchain sector are compared and assumed to be as big as internet companies grew in the late 90s. This would ultimately also mean that only the best cryptocurrencies and projects with the best fundamentals could survive the current bear market.
One such project that cannot be overlooked is Battle Infinity. Built by a team of experienced Indian technicians, the platform claims to present the best fantasy sports league in the blockchain space.
The native token of the IBAT project is currently in its pre-sale phase and had already managed to sell over 1000 BNB worth of tokens in the past week. As a metaverse game with a Web3 connection, this project could be one of the few winners once the bull market returns.
Battle Infinity – New Crypto Presale
- Presale until October 2022 – 16500 BNB Hard Cap
- First Fantasy Sports metaverse game
- Play to Earn Utility – IBAT Token
- Powered by Unreal Engine
- CoinSniper Verified, Strong Proof Verified
- Battleinfinity.io roadmap and whitepaper