Friday, December 21, 2018 10:35 AM
SINGAPORE / ACCESSWIRE / December 21, 2018 / VLane Capital today announced that it had invested in the latest star in the blockchain gaming world, Ludos Protocol. While the investment sum was not disclosed, the fund’s CEO said that the investment was made in the middle of 2018 and expressed confidence that the investment would yield many fold the original amount.
”The growing gaming industry is ripe for disruption and definitely has room for new technologies and forms of gameplay,” said Joy Hao, CEO of VLane Capital, which has an early stage kitty of USD20 million to invest. The fund is often referred to as the Sequoia Capital of blockchain funds.
According to Digi-Capital, the global revenue generated by selling game software and hardware exceeded 200 billion dollars in 2017. The year-on-year growth rate reached approximately 50% and revenue from software accounted for more than 75% of the total revenue. In 2021, the global game industry is expected to generate more than $300 billion dollars. Tencent’s game department has already contributed more than 70% of its revenue.
”Ludos Protocol has demonstrated that their approach to blockchain gaming is sound. Their investors and partners are a testament to their innovative approach, ”she added, referring to their long list of investors. They include Softbank, Du Capital, Punk Capital, BA Capital, CollinStar, ONO Capital and more. Their partners span many regions, including Zabeel Group in the U.A.E. and FullPay in Japan. They’ve also signed on their first gaming partner, Imperial Throne, a war-themed game.
Ms. Hao will join their advisory board, which oversees Ludos Protocol’s development. She has nearly a decade of financial services experience and began investing in blockchain projects and cryptocurrencies in 2014. Her track record speaks for itself, where her investments have yielded a return of at least 30% annually. She has invested in equities, real estate and now promising blockchain projects.
Her investment philosophy is to identify unique projects, invest in them long-term and lead their development. ”VLane Capital is incredibly optimistic about technology. The next few years will be really exciting for the space and it’s possible that blockchain companies will have mainstream applications in the next 2 to 3 years.”
Despite a cryptocurrency bear market, Ms. Hao is keen to continue investing in blockchain projects, but highlights her concerns. ” There are many good ideas in China, with many underexplored, due to the current market. There is also an issue of funding, where funds don’t know how to approach investing in technology or ignore the sector altogether. That said, in every dark cloud, there is a silver lining. It simply means we have more options to invest in.
”In China, we are blessed to have a big pool of talented professionals and the breadth of technical knowledge, which will be crucial in building sturdy foundations.”
Referring to VLane Capital’s investment in Ludos Protocol, Ms. Hao doubled down on her support. ” Blockchain gaming is really the future of gaming. VLane Capital is happy to support and grow innovations that will advance not only how games reward gamers, but also push the rise of independent game developers. This will create a significant economy of its own, as more and more people are willing to pay for games that entertain them, and reward them for their time.”
About VLane Capital
VLane Capital is a blockchain ecosystem fund committed to funding projects with a focus on building the blockchain infrastructure, improving security and scalability, and connecting business, user and developer communities across the globe.
About Ludos Protocol
Ludos Protocol is a purpose-built blockchain infrastructure project for the gaming community. As only the third blockchain project to be backed by Japanese investment giant Softbank, Ludos addresses numerous shortcomings in the existing gaming landscape. Its main chain + multi-sidechain architecture allows games to run entirely on their own blockchain, preventing scalability issues that have plagued previous blockchain-based games. Additionally, the Protocol seeks to create a gamer-friendly ecosystem whereby game developers and gamers can come together to easily crowdfund and build on the platform. The use of non-fungible tokens (NFT’s) within the ecosystem will allow gamers to swap assets in one game for assets in another. Finally, through their partnership with FullPay Japan, Ludos will give gamers the chance to use LUD tokens that are earned in-game to shop and buy at a range of retail stores in Japan and later the world.
SOURCE: Ludos Protocol