MON Protocol announces new investment fund MON Ventures, focused on empowering Blockchain Gaming Studios worldwide. The initiative will be headed by the former senior executives of major gaming and media companies, including some from Ubisoft, Sony, Activision, Warner Media, Bandai Namco, and Electronic Arts (EA).
The key objective of MON Ventures is to support blockchain gaming studios globally, primarily in seed and applications for the pre-TGE stage of blockchain—focused on gaming and infrastructure.
The MON Protocol has built a strong community of Web3 gamers and users. The community pre-sale for its MON Protocol Token closed within eight minutes, with the required allocation raising US$ 7.1 million. This kind of win highlights the fact that the community is very much interested and supportive, hence showing potential growth and engagement in the future.
Strategic Vision and TGE for MON Protocol Token
MON Protocol presents MON Ventures as its first working investment fund, targeting the acceleration of growth worldwide for blockchain gaming studios with its current stance on Web3. MON Ventures will now contribute to the vision of MON Protocol in diversifying the Web3 IP universe. After its Token Generation Event (TGE) of $MON, an important focus will be set on the statement of innovations and growth.
Already more than 70 partner games are live, including the likes of AETHIR, NYAN Heroes, AVALON, and Cross The Ages, with projections to exceed 100 partner games by the end of 2024.
Collaborations and Industry Impact
The industry Impact MON Ventures not only gives direct funding to Web 3 gaming studios and startups; it gives blockchain gaming studios a means of growing with strategic investments and support. In this respect, the company is already an early stage partner with stakes in 500 Global, the multi-stage venture capital firm already invested in likes of Reddit, Sky Mavis, Solana.
This should serve further to indicate the potential that MON Ventures has to successfully fuel innovation and growth in the white-hot blockchain gaming space. The opportunities that the blockchain investment landscape unlocks are major upward shifts of the order of ahora for MON Ventures to thrive and grow in the space.
The Rise of Blockchain-Enabled Gaming Space
The latest Dapp Industry Report Q1 2024 claims that blockchain gaming continues to have the majority of activities in the industry, drawing some 2.1 million daily unique active wallets in Q1 alone. Markets and Markets project that revenue from blockchain gaming will experience a CAGR of 70.3% from 2022 to 2027 and grow from today’s USD 4.6 billion to USD 65.7 billion globally.
Predicted blockchain gaming revenue means there is tremendous room for growth. MON Ventures launches into the market at an opportune moment to accelerate growth by capitalizing on the positive trend in blockchain investment.
What is MON Protocol?
The MON Protocol is one of the flagship Web3 publishers centering around intellectual property and games. It is a vibrantly whirling epicenter for innovation in gaming technologies. The ethos behind the mission is to build a diverse Web3 universe of IP that consumers are able to enter through storytelling, gaming, and collector culture.
The MON Protocol was first introduced with Pixelmon, the largest gaming IP in Web3, and has since built a web3-savvy gamer and fan community. This includes partnering with tier-one platforms such as Solana, Aptos, Immutable, and Seedify Fund to connect thousands of blockchain-native games with millions of players around the world.
Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Jason Newey.
