MON Protocol recently announced the launch of a new investment fund, MON Ventures, with a focus on empowering blockchain gaming studios worldwide. The initiative will be led by former senior executives from major gaming and media companies, including Ubisoft, Sony, Activision, and Warner Media, among others. The primary goal of MON Ventures is to support blockchain gaming studios in the seed and pre-TGE stages, with a focus on gaming and infrastructure development.
The MON Protocol has already established a strong community of Web3 gamers and users. The recent community pre-sale for the MON Protocol Token closed within eight minutes, raising an impressive $7.1 million in the required allocation. This high level of community engagement indicates a strong interest and support for the project, suggesting potential growth and success in the future.
MON Ventures marks the first working investment fund for MON Protocol, aiming to accelerate the growth of blockchain gaming studios globally within the Web3 space. Following its Token Generation Event (TGE) for $MON, the focus will shift towards driving innovations and expansion. With more than 70 partner games already live, including AETHIR, NYAN Heroes, AVALON, and Cross The Ages, MON Ventures projects to exceed 100 partner games by the end of 2024.
MON Ventures provides direct funding to Web 3 gaming studios and startups, offering strategic investments and support for their growth. As an early stage partner with stakes in 500 Global, a multi-stage venture capital firm, MON Ventures has the potential to ignite innovation and growth in the blockchain gaming industry. With the rapid growth of the blockchain gaming sector, there is immense opportunity for MON Ventures to thrive and lead in this space.
The latest Dapp Industry Report forecasts continued growth in blockchain gaming, with a significant increase in daily active wallets. Markets and Markets predict a 70.3% CAGR in revenue from blockchain gaming between 2022 and 2027, reaching $65.7 billion globally. This surge in revenue highlights the substantial room for growth in the blockchain gaming market, positioning MON Ventures to capitalize on this positive trend and drive accelerated growth.
The MON Protocol is at the forefront of Web3 publishing, focusing on intellectual property and games. With a commitment to building a diverse Web3 universe accessible through storytelling, gaming, and collector culture, MON Protocol has become a hub for innovation in gaming technologies. Partnering with top platforms such as Solana, Aptos, Immutable, and Seedify Fund, MON Protocol connects blockchain-native games with millions of players worldwide.
The launch of MON Ventures signifies a significant milestone in empowering blockchain gaming studios and driving innovation within the industry. With a strong community backing, strategic partnerships, and a focus on growth, MON Ventures is positioned to make a substantial impact in the ever-evolving landscape of blockchain gaming. This initiative reflects the potential for continued growth and success in the Web3 space, setting the stage for a new era of innovation and collaboration in the gaming industry.
