{"id":1739,"date":"2022-11-28T10:16:22","date_gmt":"2022-11-28T10:16:22","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=1739"},"modified":"2023-04-04T08:11:50","modified_gmt":"2023-04-04T08:11:50","slug":"blockchain-gaming-startup-fenix-raises-150-million","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/blockchain-gaming-startup-fenix-raises-150-million","title":{"rendered":"Blockchain Gaming Startup Fenix Games Raises $150 Million"},"content":{"rendered":"

Fenix Games CEO Chris Ko believes the company acts as a VC fund to develop the next generation of blockchain games.<\/p>\n

Web3 game publisher Fenix Games has acquired, invested in, and distributed blockchain games with $150 million in funding. A new game publishing company will be created specifically for mainstreaming blockchain games with the help of the fund.<\/p>\n

Local news outlet Jinse reported that Phoenix Group and Dubai-based venture capital firm Cypher Capital participated in Fenix Games’ latest funding round.<\/p>\n

In shaping the future of blockchain games, Fenix Games is like a venture capital fund, according to Chris Ko, co-founder and CEO of Fenix Games. We are about to invest considerable money in those (next-generation gaming) studios to build a portfolio of Web2 games using our balance sheet.<\/p>\n

According to Ko, blockchain gaming has no market like traditional video games, such as games played on consoles or handheld devices. Publishing initiatives will be essential to Fenix Games’ strategy going forward.<\/p>\n

According to Jack O’Holleran, CEO of Skale, a multichain Ethereum network that powers Web3 games, GameFi’s constantly evolving business model could make today’s AAA game companies appear nimble.<\/p>\n

GameFi continues to face challenges in finding a sustainable business model. Nonfungible tokens (NFTs)<\/a> and their ownership, trading, and ownership fees rank among the top struggles in the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fenix Games CEO Chris Ko believes the company acts as a VC fund to develop the next generation of blockchain games. Web3 game publisher Fenix Games has acquired, invested in, and distributed blockchain games with $150 million in funding. A new game publishing company will be created specifically for mainstreaming blockchain games with the help […]<\/p>\n","protected":false},"author":5,"featured_media":1741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-updates"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=1739"}],"version-history":[{"count":3,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1739\/revisions"}],"predecessor-version":[{"id":2895,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1739\/revisions\/2895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/1741"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=1739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=1739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=1739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}