Genesi DAC Selects Crypto Gaming Platform as First Investment
Genesi DAC, a group of venture capitalists led by Natalia Ameline, mother of Vitalik Buterin, has selected crypto gaming platform Tristan Metaverse as their first investment, and many more are expected to be announced soon.
Genesi DAC chooses crypto gaming platform as first investment
The undisclosed investment will go toward developing blockchain-based games on Tristan Metaverse’s platform, with the first game launching “later this month,” according to Natalia Ameline.
“We are very committed to community development,” She said.
Genesi, which controls the $100 million fund and is organized as a decentralized autonomous enterprise (DAC) similar to the DAO, is “just getting started,” Ameline said, adding that “not everyone will invest and deploy right away.” . But for the right projects, “money doesn’t matter,” says the Genesi DAC manager.
In her opinion, the importance of Tristan as a gaming platform is that it offers a way for people who are not necessarily crypto users and don’t have a crypto wallet to join games.
“You just need a decentralized app dapp link that can be shared on Telegram channel or Discord community channel and you can just click on the link and join to play the game,” adds Ameline, which she hopes will “pave the way for widespread adoption of Web 3.”
About Genesi DAC
When asked about future projects for her new consortium of investors, Ameline said DAC has an investment committee responsible for selecting investments and has “quite a few” projects in the works. Those that pass the committee vote are then passed on to the general members of the DAC, who can review the investment on an individual basis.
DAC members include Metis Labs, the developers behind the new scaling solution Metis Optimistic Rollup for the Ethereum (ETH) network. As reported, Vitalik Buterin claims that aggregation is the way to go when it comes to scaling networks.
According to Ameline, Metis has seen “extraordinary growth” since mainnet launch last November, with total value (TVL) on the platform steadily increasing from December last year to October 1.
As of Monday, Metis TVL stood at $251 million, up from more than $335 million last Friday when the market corrected sharply over the weekend, data from Defi Llama showed.
Ethereum’s Layer 2 solution is currently working to lower transaction costs on the network even further, Ameline said, explaining that the team expects the cost to rise “between $2 and $3” today and to “coins “ will sink.
“We want to make sure that our platform not only hosts DeFi projects, but also games and Metaverse projects.” said Ameline.
She added that lower transaction fees are particularly important in-game as “a lot of transactions are generated.”
Commenting on the investment made by Genesi members, Frank L., CEO of Tristan Metaverse, said their focus is “to popularize the crypto game” by lowering the barriers to entry for them with new users. He added that the team is also planning a “lightweight cloud wallet” for the Metis Optimistic Rollup solution.
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