Good day everyone,
I hope you are all having a good day, welcome to CryptoGod-1's blog on all things crypto. In this post I will be looking at the recent news of Quantix Capital putting investment into Tezos gaming.
Quantix Capital and Tezos
Quantix Capital and Tezos have announced they aim to drive long-term growth within the Tezos ecosystem by helping empower developers with both resources and guidance. The UAE-based venture capital firm, Quantix Capital, are partnering with TZ APAC, a prominent adoption hub for the Tezos blockchain based in Singapore, to help push the development of gaming on the Tezos platform.
As part of the announcement the firms noted that the partnership includes a $1 million investment specifically earmarked for emerging gaming projects on Tezos. Both firms are committed to not only providing financial backing but also provide a support network and mentorship from senior members at Quantix Capital and TZ APAC. Their aim is to drive long-term growth within the Tezos ecosystem while also ensuring developers have access to the resources and guidance they need to innovate the gaming space.
The Singapore-based early-stage venture capital firm Farquhar VC partnered with TZ APAC earlier this year in an aim to support emerging talent within Asia. Farquhar VC noted they plan to co-invest alongside the Tezos blockchain development team into upcoming Web3 games being built on the blockchain.
The Quantix Capital managing director Jake Seltzer noted that the firm is committed to this collaboration and he emphasised that the potential of Tezos to support groundbreaking projects in Web3 remains. He stated:
“Our investment is not just financial, it’s a commitment to nurture creativity and innovation among builders who are shaping the future of gaming and interactive entertainment.”
While the Tezos blockchain has seen its gaming’s relatively limited in terms of reach within the mainstream market, it does present an opportunity to redefine player engagement and franchise interactions. So far over 80% of gamers are yet to explore the technology. During a 2024 survey by OnePoll it was revealed that 52% of gamers remain unaware of blockchain gaming. A further 32% have not yet tried it. Blockchain technology has the potential to solve persistent issues in gaming, such as permanent item ownership and new revenue models like play-to-earn.
The investment between Quantix Capital and TZ APAC has been done with the aim of making use of blockchain’s capabilities to bring projects to the Tezos ecosystem and broaden the reach of blockchain gaming. The $1 million fund will help to finance promising projects on the Tezos blockchain while also supporting innovative ideas that aim to revolutionise gaming.
Have a great day.
Peace. CryptoGod-1.
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