BITKRAFT Ventures Elevates Web2 Game Makers to Web3 Experience Crafters with Investment Into Gam3Girl Ventures

BITKRAFT Ventures :

DENVER – July 25, 2024 – Gam3Girl Ventures, an emerging fund focused on incubating teams with deep Web2 gaming expertise transitioning into Web3, today announced a strategic investment from BITKRAFT Ventures, a global leader in early-stage investments across gaming, Web3, and immersive technology. This investment underscores BITKRAFT's expansion of its footprint in Asia and continues to support the burgeoning talent in the region.

Gam3Girl Ventures is founded by FD, a former investment executive of a leading global gaming company. The fund’s mission is to identify and support the best and most visionary founders of Web3 gaming.  Leveraging its robust network of game developers across Asia, it has a unique angle to incubate seasoned and veteran Asian Web2 developers who lack Web3 experience. Gam3Girl Ventures aims to transform these teams into successful Web3 companies by providing the necessary insights and resources, which can guide the teams through the cycles of product positioning, economic system design, distribution strategies, to token launch. It puts a critical emphasis on shifting Web2 game economies from top-down to community-driven approaches, unlocking social virality and organic growth, which can be amplified through blockchain enabled incentive structures.

“The traditional gaming industry is stagnating post-COVID, driven in part by the skyrocketing user acquisition and development costs. Game developers are seeking solutions to better acquire and retain players and are increasingly turning to Web3 as a distribution innovation to mitigate these issues,” said FD, Founder of Gam3Girl Ventures. “As gamers are increasingly digital natives who desire asset ownership and privacy, I believe there is a highly complementary crypto-genre fit between the use-cases of web3 and the needs of gamers that will reignite growth in the space. With BITKRAFT’s support and future co-investment opportunities, we’re fostering a better ecosystem to onboard developers into Web3 and usher in a new paradigm in gaming”.

“This investment highlights BITKRAFT's commitment and deepening of its investment capabilities into the region,” said Jonathan Huang, BITKRAFT Principal leading the firm’s Asia practice. BITKRAFT aims to enhance its sourcing capabilities and better support Asia’s vibrant developer community through its partnership with Gam3Girl Ventures.”

"Asia is a massively important market presently, and for the future of gaming and Web3," said Jens Hilgers, Founding General Partner of BITKRAFT. "Gam3Girl Ventures' unique approach in identifying and partnering with experienced game development talent and upgrading them with cutting edge Web3 expertise and network is a very promising approach to expand the region's gaming ecosystem. We are excited to support Gam3Girls’ mission and see the innovation and exciting projects that will emerge from this collaboration."

About Gam3Girl Ventures
Gam3Girl Ventures is a premier Web3 gaming incubation fund committed to investing in visionary founders and projects that will shape the future of gaming. Led by a team that brings together seasoned gaming, web3 and investment experiences, it boasts endorsements from major blockchain infra, international gaming funds, top-tier cryptocurrency exchanges, and renowned angel investors. Gam3Girl Ventures aims to bridge the gap between web2 and web3 with its systematic and deep incubation approach. 

About BITKRAFT Ventures
BITKRAFT Ventures is the global early-stage investment platform for gaming, Web3, and immersive technology, with assets under management totaling $1 billion. With a focus on Seed, Series A, and Series B investments across the spectrum of interactive media, BITKRAFT is at the forefront of the Synthetic Reality™ tech revolution, where physical and digital worlds converge. In April 2024, BITKRAFT closed its third fund at $275m. For a full list of investments made to date, view BITKRAFT’s portfolio here.  

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