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VanEck invests in Web3 gaming startup Gunzilla

It's the second bet on Web3 gaming by VanEck's liquid token strategy fund. 

VanEck’s private crypto fund has invested in gaming startup Gunzilla Games, marking the asset manager’s second bet on Web3-enabled gaming, VanEck said on Oct. 31.

Gunzilla is the creator of Off The Grid, a “dystopian cyberpunk shooter” where players earn Gunzilla’s native GUN token, VanEck’s Matt Maximo said in a post on the X platform.

“We see crypto as a tool to enhance gaming experiences and improve monetization strategies,” Maximo said.

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Web3 Game Off the Grid Numbers Shine Despite Promotional DropOff The Grid, the so-called Web3 extraction shooter built on the Avalanche blockchain, has maintained momentum after its launch in the early access stages. While the game has fallen from the top 100 most viewed games on the streaming platform Twitch, it has maintained 500,000 daily active addresses (DAA) since its launch, with over 6.6 […]

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