TechFlow news — Japanese gaming giant Bandai Namco has announced the launch of the "Bandai Namco Entertainment 021 Fund" to invest in blockchain companies in Japan and overseas, as well as startups engaged in Web3 and metaverse-related businesses. The fund will have a total investment scale of 3 billion yen, with plans to invest 1 billion yen annually. The purpose of establishing this fund is to accelerate decision-making in building an IP metaverse and creating new forms of entertainment.
As previously reported, Bandai Namco plans to invest $130 million in developing its "IP Metaverse" and has unveiled its "Gundam Metaverse" initiative.
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