{"id":70667,"date":"2022-11-28T12:04:41","date_gmt":"2022-11-28T10:04:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70667"},"modified":"2025-09-08T03:37:23","modified_gmt":"2025-09-08T00:37:23","slug":"fenix-games-raises-150-million-to-finance-blockchain-games","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fenix-games-raises-150-million-to-finance-blockchain-games\/","title":{"rendered":"Fenix Games raises $150 million to finance blockchain games"},"content":{"rendered":"<p>The publisher of <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>-games Fenix Games raised $150 million in its new fund for the acquisition, financial backing, and distribution of blockchain games. VentureBeat reports this via <a href=\\\"https:\/\/venturebeat.com\/games\/fenix-games-raises-150m-for-blockchain-game-publishing\/\\\">VentureBeat<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>Investors in the platform&#8217;s funding round were Phoenix Group and Cypher Capital.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;You can think of us as a venture fund. &#8230; The market is like early mobile games, but has not yet found its own <span data-descr=\\\"popular mobile strategy\\\" class=\\\"old_tooltip\\\">Clash of Clans<\/span> among blockchain games,\\&#8221; said co-founder and CEO Chris Ko.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>The platform intends to support existing projects as well as fund new ones, he added.<\/p>\n<p>\\n\\n<\/p>\n<p>Ko previously served as senior vice president of corporate development at Mythical Games. In November 2021, the company <a href=\"https:\/\/u1f987.com\/en\/news\/mythical-games-raises-150-million-at-1-25-billion-valuation\">raised $150 million<\/a> from Andreessen Horowitz and other investors at a $1.25 billion valuation.<\/p>\n<p>\\n\\n<\/p>\n<p>In October 2022, the gaming blockchain platform Stardust closed a Series A round <a href=\"https:\/\/u1f987.com\/en\/news\/stardust-a-gaming-blockchain-platform-raises-30-million\">for $30 million<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>In the same month, the Canadian developer Horizon Blockchain Games <a href=\"https:\/\/u1f987.com\/en\/news\/skyweaver-blockchain-game-developer-raises-40-million\">raised $40 million<\/a> from Brevan Howard Digital and Morgan Creek Digital.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The publisher of Web3 games Fenix Games raised $150 million in its new fund for the acquisition, financial backing and distribution of blockchain games.<\/p>\n","protected":false},"author":1,"featured_media":70668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1155,1133],"class_list":["post-70667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-games-and-gamefi","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70667"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70667\/revisions"}],"predecessor-version":[{"id":70669,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70667\/revisions\/70669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70668"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}