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Razer’s Web3 Gaming Support Fund
Razer, a company that builds an ecosystem for games, announced on the 12th that it has established “zVentures Web3 Incubator (ZW3I)” to fund the development of next-generation Web3 games.
We’re excited to announce the zVentures Web 3 Incubator for game companies & developers. By supporting companies in the creation of Web 3 games, our program aims to drive the growth & adoption of blockchain technology in the industry. Submit your pitch: https: //t.co/m65x3AsBiC pic.twitter.com/CN1sMZuBKP
— R Λ Z Ξ R (@Razer) April 11, 2023
Razer describes the fund as “aiming to accelerate the growth and adoption of blockchain technology in the industry by supporting companies creating Web3 games.”
Founded in 2005 and based in the United States and Singapore, Razer is a household name in the global gaming industry and communities centered around competitive esports. It provides high-performance gaming peripherals and a software platform with over 70 million users.
What is eSports
An abbreviation of Electronic Sports, it is a name that captures video games as sports. It is often held as a multiplayer game tournament. Boosted by the spread of online streaming platforms, the popularity has increased, and as of 2017, the global audience is estimated to reach hundreds of millions. There are various competitions such as shooting, fighting, puzzles, and card games.
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Emphasis on gaming experience
zVentures is Razer’s venture capital arm that strategically invests in early-stage startups. Razer explained the focus of the zVentures Web3 Incubator (ZW3I) funding:
The selection process for identifying promising Web3 games and partners prioritizes game quality. The focus is on backing proven game companies that have already embraced blockchain and have successfully entered the Web3 ecosystem.
Razer also noted that many of the blockchain games on the market today focus on integrating blockchain technology into their games rather than improving the gameplay experience. As a result, it is assumed that users tend to be difficult to take root.
Lawrence Lin, Director of Blockchain at Razer, also speaks to this point:
The most important factor in successfully launching a game is the “game experience”.
With blockchain technology and the backing of gaming-savvy companies, Web3 will revolutionize the gaming experience for everyone.
Support through partnerships, etc.
Game companies selected for ZW3I funding can take advantage of Razer’s Marketing Partnership Assistance Program. You can also take advantage of Razer’s ecosystem of hardware, software and services.
Razer’s partner companies include Web3 giant Animoka Brands, Amazon Web Services, 1Up Ventures, Griffin Gaming Partners, and Play Ventures Future Fund. It is a way to receive support in obtaining opportunities to form partnerships with these companies.
Another example of Razer’s ecosystem is Razer Cortex, which can optimize and launch games.
Razer Cortex has a function that allows users to play games and earn “Razer Silver”. “Razer Silver” can be exchanged for points that can be used to purchase products provided by Razer and other companies.
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