Gaming Tech Company Razer Announces zVentures Web3 Fund Incubator

‍Razer, the popular gaming technology company, has announced its latest investment fund aimed at supporting blockchain-based games and developers. Dubbed the "zVentures Web3 Incubator" (ZW3I) fund, it will play a key role in helping Razer build the next generation of Web3 games and projects.

Razer will invest in early-stage Web3 gaming projects with a focus on improving the gamer experience. It will assist companies with their roadmap and backup projects with their established team. ZW3I-funded companies will also have access to Razer's marketing resources and partnerships, which include Animoca Brands, Griffin Gaming Partners, 1Up Ventures, Play Ventures Future Fund, Amazon Web Services, and more.

According to Razer, blockchain-based games are becoming more popular, but they are still struggling to attract hardcore gamers. The company believes that this is because game developers are too focused on the blockchain technology aspect of the game rather than on improving gameplay. Razer wrote in a blog post that incorporating blockchain technology successfully "requires a deep understanding of what gamers’ behavior and individual motivations are in a game."

‍ZW3I will prioritize game quality in its selection process for identifying new titles and partners. It will also focus on supporting mainstream gaming companies with a positive track record of developing games. Razer believes that established companies have the potential to "create engaging and enjoyable blockchain games" to attract a larger player base and drive the adoption of Web3 gaming.

Lawrence Lin, the director of Blockchain at Razer, said that Web3 has the potential to revolutionize the gaming experience for gamers. He added that ZW3I is also trying to set the stage for mass adoption of Web3 within the broader gaming industry.

“The gaming experience is the most important aspect of any successful game launch,” said Lin in a press release. “With blockchain technologies and support from companies with strong gaming knowledge, we are certain that Web3 will revolutionize this experience for all.”

As blockchain technology continues to gain traction in the gaming industry, Razer is taking steps to ensure that the next generation of Web3 games and projects prioritize the gamer experience. Thus, focusing on game quality and supporting mainstream gaming companies, Razer is driving the adoption of Web3 gaming and setting the stage for mass adoption within the broader gaming industry. Here at NFT Drops Calendar, we will keep an eye out for any further development in the story.