Cryptotrexs has launched a $50 million fund with a focus on web3 games

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Scaling solutions developer CryptoTrexs announced the launch of a $50 million ecosystem fund.

The fund will focus on funding Web3 game developers and NFT-oriented startups based on CryptoTrexs. The entity plans to collaborate with other investors, including Animoca Brands, Arrington Capital and GameStop.

CryptoTrexs co-founder Robbie Ferguson told TechCrunch that the main goal is to make next-generation Web3 games scalable and encourage adoption.

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Andrew Griffin

Andrew Griffin is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Andrew previously reported for Cointelegraph and Benzinga.