PANews May 15 news, CryptoGames announced the establishment of its corporate venture capital department CG Ventures, aiming to increase investment in the Web3 and trading card sectors.
It is reported that CryptoGames has previously invested in 17 companies in the Web3 field, and will further expand into trading card-related projects this time. CG Ventures will focus on investing in Web3 and card projects that have synergistic effects with CryptoGames' business, primarily targeting early and seed stage projects, and primarily through direct equity investments. CryptoGames launched its blockchain card game (CryptoSpells) in 2019 and raised a record 900 ETH in Japan at that time through crowdfunding. Since then, the company has also launched 'TCG Verse' based on Oasys and the NFT card store 'TCG STORE'.
