Japanese Entertainment Firm Akatsuki Raises $20 Million to Invest in Web3 Projects

  • Japanese entertainment and gaming firm Akatsuki said on Wednesday that it has raised a $20 million fund focused on investing in web3 projects.
  • The business has form for investing in crypto-adjacent projects, having funded more than 20 early stage startups, including rapidly scaling move-to-earn startup Stepn.
  • Earlier in May, venture capital firm Andreessen Horowitz launched a $600 million fund known as Games Fund One.

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