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Playstudios launches blockchain gaming division and $10M web3-focused fund – TechCrunch

Playstudios, a publicly-traded mobile gaming platform and developer, is venturing into the web3 world with a new blockchain division and investment fund.
“A lot has been made in the promise of web3 games,” Pascal said.
Interoperability is one of the more exciting dimensions of what web3 gaming can unlock.”Its fund has already made investments in blockchain gaming technology like Forte and will be used to grow its strategic innovation through blockchain loyalty and reward models, Pascal said.
The blockchain gaming space has continued to court attention over the past year as developers and funds alike continue to bank on the industry through new capital and innovations.
“With the emergence of blockchain models and web3 space, we certainly have watched how it has evolved in all its different forms.

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