The MON Protocol has recently announced the establishment of a new investment fund called MON Ventures, with a specific focus on empowering Blockchain Gaming Studios worldwide. This venture will be led by former senior executives from major gaming and media companies such as Ubisoft, Sony, Activision, Warner Media, Bandai Namco, and Electronic Arts (EA). The main goal of MON Ventures is to provide support to blockchain gaming studios globally, particularly in the seed and pre-TGE stages of blockchain technology, with a strong emphasis on gaming and infrastructure.
The MON Protocol has already cultivated a strong community of Web3 gamers and users, as evidenced by the successful community pre-sale of its MON Protocol Token, which raised an impressive US$ 7.1 million within just eight minutes. This favorable response indicates a high level of interest and support from the community, suggesting potential growth and engagement opportunities in the future.
MON Ventures marks the first operational investment fund of MON Protocol, aiming to accelerate the global growth of blockchain gaming studios within the Web3 landscape. Following its Token Generation Event (TGE) of $MON, the focus will shift towards fostering innovation and expansion. With already over 70 partner games live, including popular titles like AETHIR, NYAN Heroes, AVALON, and Cross The Ages, the goal is to surpass 100 partner games by the end of 2024.
MON Ventures not only provides direct funding to Web 3 gaming studios and startups but also offers strategic investments and support to facilitate their growth. The company has established early-stage partnerships with companies like 500 Global, a venture capital firm with investments in Reddit, Sky Mavis, and Solana. This strategic positioning bodes well for MON Ventures to drive innovation and growth in the burgeoning blockchain gaming sector.
The latest Dapp Industry Report Q1 2024 highlights the significant presence of blockchain gaming in the industry, with a notable increase in daily active wallets. Moreover, market projections forecast a substantial revenue growth for blockchain gaming, indicating vast opportunities for expansion. With a predicted CAGR of 70.3% from 2022 to 2027, the revenue from blockchain gaming is expected to reach USD 65.7 billion globally by 2027.
The MON Protocol stands as a prominent Web3 publisher focused on intellectual property and gaming. Its mission revolves around building a diverse Web3 universe of IP that invites consumers into immersive experiences through storytelling, gaming, and collector culture. The protocol’s collaboration with leading platforms like Solana, Aptos, Immutable, and Seedify Fund underscores its commitment to connecting blockchain-native games with players worldwide.
The emergence of MON Ventures in the blockchain gaming industry signifies a pivotal moment for innovation, growth, and community engagement. As the sector continues to evolve and expand, MON Ventures is well-positioned to drive transformative change and shape the future of Web3 gaming. Through strategic investments, partnerships, and a dedicated community, MON Ventures is poised to unlock the vast potential of blockchain technology in the gaming landscape.