Investing.com - Blockchain gaming platform Saakuru Labs and Memecore have teamed up to launch a new joint foundation with an initial $10 million fund. The fund is focused on investing in and acquiring meme coin communities and gaming projects to bring them into the Saakuru and Memecore ecosystems.
The alliance seeks to break down entry barriers for developers, making it easier to transition from traditional games to blockchain-powered platforms
The capital injection will be used to support blockchain gaming projects, providing not only financial backing but also technical and strategic resources. Both companies plan to focus on growing the gaming landscape by investing in projects that will expand their Web3 gaming ecosystems.
Saakuru Labs will provide full support for game developers, from incubation to publishing opportunities. The platform expects this initiative to increase total value locked (TVL) within both the Saakuru and Memecore ecosystems.
“We have built a strong reputation in the blockchain gaming industry, and this partnership with Memecore allows us to accelerate the development of new gaming projects,” said Jack Vinijtrongjit, Co-Founder & CEO of Saakuru Labs. “With this collaboration, we’re able to offer more resources to top-tier game developers and further strengthen both ecosystems.”
Memecore Co-Founder Finn added, “This partnership with Saakuru Labs represents a major milestone for Memecore. Together, we are creating a foundation for the future of blockchain gaming, bringing a new wave of exciting projects into the Web3 space.”
With its resources and expertise, Saakuru helps developers promote their games with zero transaction fees, all while bridging the gap between Web2 and Web3 through its Layer 2 protocol.
Saakuru's fast block time allows developers to run on-chain applications like MMORPGs while eliminating gas fees. For its part, MemeCore is developing a Layer-1 blockchain designed specifically for the meme coin space.