Fenix Games Attracts $150M to Support Development of Blockchain-based Games

Web3 games publisher Fenix ​​Games has recently raised $150 million in a new fund to acquire, fund and distribute blockchain games.

According to the press release, some of the investors in the funding round include Phoenix Group and Cypher Capital.

Chris Ko, co-founder and CEO of Fenix ​​Games, has commented:

“You can think of us as a venture fund. The market is similar to early mobile games, but has not yet found its Clash of Clans among blockchain games.”

The platform intends to both support existing projects and finance new ones.

Ko has previously served as Senior Vice President of Corporate Development for Mythical Games. In November last year, the company raised $150 million from Andreessen Horowitz and other investors at a $1.25 billion valuation.