Saakuru Labs, Memecore Launch Joint $10 Million Fund for Investing in Web3 Gaming

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As a seasoned researcher with years of experience in the blockchain industry, I find this new partnership between Saakuru Labs and Memecore incredibly exciting. Having closely followed the growth of both companies, I can attest to their impressive track records in gaming-centric projects and meme coin communities respectively.

As a crypto investor, I’m excited about the recent strategic partnership between Saakuru Labs and Memecore. As developers of a gaming-focused L2 on EVM and a blockchain platform dedicated to the meme coin community respectively, they will collaborate on establishing gaming-centric venture capital funds. This partnership promises to bring innovative gaming projects to the forefront, potentially offering significant opportunities for growth in the crypto space.

Saakuru Labs, Memecore kick off $10 million fund for gaming projects

As stated in their recent joint statement, Saakaru Labs and Memecore have launched a shared foundation, initially funded to the tune of $10 million. This fund’s role is to invest in and acquire meme coin communities and games, with the aim of integrating them into the Saakuru Labs and Memecore ecosystems.

Hello there, fellow crypto enthusiast! Let me share a thought from my perspective as an investor: Greetings, greetings! And a joyous International Cat Day to all! Admittedly, it seems our feline friends are constantly expanding their dominion over this world. 😼👑#cats #game @Khugaverse

— Saakuru Protocol – 🫂 discover #Web3 potential (@saakuru_labs) October 16, 2024

Through this collaborative alliance, we’ll boost the ecosystem for decentralized applications on the EVM L2 platform, Saakuru, simultaneously stimulating activity within Memecore’s layer-1 protocol. The funds they receive will allow them to capitalize on their knowledge in blockchain gaming to broaden the gaming sphere and foster emerging Web3 gaming initiatives.

Jack Vinijtrongjit, the co-founder and CEO of Saakuru Labs, expresses enthusiasm over the potential that the fresh partnership presents for creators and investors in the realm of Web3 gaming.

Through our efforts, we’ve established a robust standing in the blockchain gaming sector, and partnering with Memecore serves to expedite the creation of innovative gaming ventures. This alliance grants us the opportunity to provide additional support to leading game creators, thereby enhancing not only our own ecosystem but also that of Memecore.

The partnership aims at boosting the combined worth secured (Total Value Locked, TVL) across the Saakuru and Memecore platforms by encouraging creative advancements in gaming technology.

Strengthening investment ecosystem in Web3 gaming

Finn, co-founder of Memecore, extends an invitation to the next wave of Web3 developers, encouraging them to get involved with our foundation’s projects and submit applications for financial support.

Partnering with Saakuru Labs marks a significant achievement for Memecore, signifying the start of a collaborative journey shaping the future of blockchain games. This union is set to introduce an exhilarating array of innovative projects within the realm of Web3 technology.

At Saakuru Labs, we’ll offer comprehensive assistance to game studios, including incubation services, development resources, and publishing chances, taking care of their projects from start to finish.

Both firms plan to utilize their existing connections to seize initial funding for budding game development studios with potential, thereby aiding these startups in growing from idea stage to market debut.

As covered by U.Today previously, in Q3, 2024, Saakuru hit five million on-chain transactions. 

In the past 24 hours, the digital currency offered by Saakuru Protocol’s SKR has remained unchanged. The coin reached a peak of $0.007695 on trading platforms such as MEXC and Bitget.

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2024-10-17 15:28