VanEck has made a significant investment in Gunzilla Games, a startup focused on Web3 gaming, marking its second investment in this area. Gunzilla is known for its game Off The Grid, a dystopian cyberpunk shooter where players can earn GUN tokens, enhancing their gaming experience and providing monetization opportunities. The private crypto fund’s investment reflects a broader trend where gaming startups raised $517 million in the third quarter of 2024, emphasizing the growing intersection of gaming and blockchain technology. Previously, VanEck invested in Parallel, a Web3 card game utilizing NFTs to represent tradable cards on-chain. Gunzilla aims to facilitate a trading marketplace for cosmetic items through blockchain technology, similar to existing systems like Steam. The creative design of Off The Grid is led by notable figures such as Richard Morgan and Neill Blomkamp. VanEck's Digital Asset Alpha Fund was established to invest in liquid tokens using traditional valuation methods.

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