a16z is bullish on games in the Metaverse. Andreessen Horowitz has launched a $600 million fund dedicated to gaming startups focusing on Web3.
games such as Minecraft
generate, using the open-world game as an example of a title that has retained a long-term active community that functions more like a social network. Minecraft is the current all-time highest-selling game and has seen 173 million average monthly players over the past 30 days, to figures from game statistics platform ActivePlayer, despite it being released almost 11 years ago.The fund is the first by a16z solely dedicated to games, but the firm has backed successful game-related projects in the past, including virtual reality company Oculus and game developer Zynga, saying the investments “cemented our belief that games require a specialized focus.”
Joining the fund are founders of game development companies and popular games such as Marc Merrill, co-founder of Riot Games; Aleks Larsen and Jeffrey Zirlin, co-founders of Sky Mavis, which owns the
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