FunFair Technologies has launched the blockchain venture capital arm of its company entitled FunFair Ventures.
A new programme to support early-stage blockchain projects, FunFair Ventures noted its aim is to “plug a gap” in the funding process for early stage projects across all blockchain verticals, including igaming.
“We’ve been looking to formalise our venture capital offering for a while and have seen that we can plug a gap to help early-stage startups to drive significant growth and value,” Lloyd Purser, COO of FunFair Ventures, explained.
“Blockchain is a really exciting place to be right now, and there’s more and more capital coming into the market, and we look forward to being part of its growth.”
The company stated that it plans to work with partners who require “more than just funding”, having developed, launched, operated and marketed decentralised applications and a top 100 ERC20 token.
With the recent focus on R&D in blockchain scaling tech, FunFair has built projects on various platforms, including Polygon, Solana, Optimism, xDAI and dfinity. FunFair Ventures will also offer commercial, marketing and corporate support to all its partners.
FunFair Technologies was founded in 2017 with a mission to develop decentralised applications for igaming. In early 2021 they launched FunFair Games, a multiplayer game studio that labelled itself as “bringing a new genre of multiplayer games to a new generation of gamblers”.