Esports, gaming and interactive media investment platform Bitkraft VC has established a $75-million token fund for investing in blockchain gaming and digital entertainment.

The fund uses a "stage-doubter" strategy, significant that information technology will put coin in companies and startups at any business evolution stage. Apart from equity investment, the token fund will also invest in cryptocurrencies and nonfungible tokens (NFT).

In order to provide regulated investment opportunities, Bitkraft received an investment counselor registration from the The states Securities and Exchange Commission in June 2022.

The new token fund is led by Piers Kicks, a founding partner in the investment arm of crypto research firm Delphi Digital. Kicks joined Bitkraft before this yr to lead the company'southward investment efforts in crypto and NFTs.

Bitkraft stated that the fund has already closed six investments, including projects such as Yield Order Games (YGG), Immutable, Alethea AI and Horizon Games. Both YGG and Alethea are direct token investments, Kicks told Cointelegraph. "Nosotros were only able to denote the funding after final closing but take been actively deploying from it," he added.

While the fund has mainly invested in startups building on the Ethereum blockchain, Kicks stated, "Nosotros adopt a chain-doubter approach and assess each project on a case-by-case footing. We are get-go to meet some exciting activity on Solana and will be closely monitoring early gaming projects in that ecosystem."

Related: Axie Infinity programmer secures $152M in Series B funding from investors

According to Bitkraft Ventures founding general partner Jens Hilgers, the fund is looking to have invested in about 25 more companies by the end of 2022. The venture capital firm has more $540 million in assets nether management as of Oct. 1, 2022, with a portfolio spanning more 60 companies across North America, Europe and Asia.

The gaming industry has proved ripe for crypto adoption, with many new use cases for decentralized finance (DeFi) and NFTs. Blockchain game Axie Infinity has emerged as one of the most popular Ethereum-based NFT games this yr, with its native token AXS reaching a new all-fourth dimension high above $155 on Monday. In September, blockchain gamification platform DeFi Country raised $4.one 1000000 to launch a new DeFi game on Solana.