Leading early-stage backer of companies in Singapore and Southeast Asia, Farquhar Venture Capital (FVC), has unveiled a strategic partnership with TZ Apac to catalyze the expansion of Web3 gaming on the Tezos blockchain. The collaboration involves pooling financial and other resources to foster the integration of browser and mobile games into the Web3 ecosystem.
FVC’s Extensive Track Record in Innovation Ecosystem
As a prominent participant in the innovation ecosystem, FVC has a history of supporting promising startups across various sectors. Notable investments include ventures like Spark Systems, Fairphonic, and Beep Technologies. The latest initiative reflects FVC’s commitment to channel financing from existing or upcoming thematic funds into upcoming Web3 game startups and projects utilizing the Tezos Blockchain.
Strategic Synergy: FVC and TZ Apac’s Collaborative Approach
This collaboration extends beyond financial commitment, as TZ Apac, a Singapore-based adoption hub for the Tezos blockchain, contributes support and funding to the identified Web3 game startups. The partnership aims to create a synergistic opportunity for these projects to thrive within and beyond the Tezos ecosystem.
FVC Managing Partner and Chief Investment Officer Jason Su emphasized the timeliness of this partnership, following recent investments in Game-tech startups like Lockpick Learning and the EMERGE Group. Su sees this as an opportune moment to enter the world of Web3 and participate in its exponential growth.
Tezos Emerges as the Preferred Blockchain Partner
Tezos, recognized for its robust and scalable blockchain protocol, emerged as the preferred partner for this collaborative initiative. The blockchain’s suitability for Web3 gaming and Real-World Assets (RWA) projects positions it as an ideal choice. The partnership between FVC and TZ Apac aims to bolster the Tezos ecosystem through strategic investments and accelerator support for projects adopting the protocol.
Jason Lim, representing TZ Apac Games Adoption for the Tezos Ecosystem, expressed enthusiasm for the collaboration, highlighting Tezos’ community-driven ethos, energy efficiency, and scalability as key attributes that position it as the preferred platform for blockchain gaming innovation.
Expanding Impact: FVC’s Web3 Investments and Ecosystem Partnerships
FVC’s foray into Web3 investments holds promise for the broader ecosystem, with other partners in Asia expressing keen interest in exploring gaming and RWA projects powered by blockchain technology. By merging FVC’s expertise in traditional Web2 spaces with the rapid growth potential of Web3 gaming, this collaboration is poised to deliver tangible impact and drive the next wave of innovation.
Boosting Tezos Gaming Ecosystem: Recent Achievements
The partnership also signifies a significant boon for the Tezos gaming ecosystem. Recent achievements include the success of CoinBlast, the second-fastest-growing blockchain game, and GoLive Games’ Cricket Stars, India’s first strategy-based NFT cricket game. The collaboration with TZ APAC aims to accelerate the onboarding of Web3 games onto the Tezos ecosystem, as demonstrated by the KAP Co-Grant Program.
MetaPals, an emerging player in the space, recently unveiled its Alpha version, marking the beginning of NFT minting in March. With beloved characters from iconic franchises like Teletubbies and Minto on the horizon, MetaPals aims to captivate audiences and enrich the Tezos gaming ecosystem with innovative offerings.
In conclusion, the strategic partnership between FVC and TZ Apac signifies a concerted effort to drive growth and innovation in the Web3 gaming space, leveraging the strengths of the Tezos blockchain. With a history of successful investments and a commitment to pushing the boundaries of technology, this collaboration is poised to make a significant impact on the evolving landscape of blockchain gaming.