Play2Live Ventures into Gaming and Esports Fund

Our client Play2Live is launching an exciting new venture fund valued at $2m with a focus on seed investments in gaming and esports projects.

The fund will focus on projects from Eastern European countries and ex-Soviet Union countries (CIS) and each will receive $50K to $150K investment. The team will hold 48 hour hackathons in Minsk, Moscow and Kazan, uniting developers, game development specialists, machine learning and blockchain pros. The $10K prize for these will be awarded to game projects demonstrating computer vision, characters’ intellectual behaviour training, strategy optimization, data analysis and matching outcome prediction.

The hackathons will be breaking ground as the first of their kind in Eastern Europe to merge blockchain technology and the gaming industry.

Play2Live’s founder and CEO Alexey Burdyko, CEO will be managing partner of the fund. Burdyko is one of the industry leaders of the esports market in Eastern Europe and CIS. Play2Live has already successfully raised $30M in total funds thanks to a successful token sale event under his leadership. Whilst the initial value of the fund is $2m, it is set to increase in value after attracting new partners.

Burdyko observed that the number of projects in esports industry, including token sales, will grow in line with the industry. Though there are dozens of them now, in a year or two we can expect a real boom of gaming startups. "We would like to invite investors and other funds to collaborate with us, because the prospects in the industry are tremendous, and we understand it like no one else. Our experience and connections will help all the partners to achieve success."

In the coming months the fund will announce the first deals coming out of this.

We’re excited to hear the winners!

 

 

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