Indian Web3 social gaming platform WinZO launches $50 million game developer fund

ChainCatcher news, Indian Web3 social gaming platform WinZO has announced the launch of a $50 million Game Developer Fund. This is reportedly the fourth fund launched by WinZO in the past four years. The platform announced the establishment of a $1.5 million initial fund in July 2019, followed by a $5 million fund in November 2020, and then a third fund of $20 million in September 2021.

According to the crypto data platform RootData, WinZO's portfolio includes game development studios Bombay Play, Web3 gaming companies IndiGG and Upskillz, as well as blockchain-based creator economy and streaming startup Glip. (Source link)