Fnatic will focus new efforts on player performance and digital asset ownership, Expansion of digital economies in the game using Web3 Tech.

LONDON, December 1, 2022 /PRNewswire/ — Fnatic, the world’s leading esports performance brand, today announced a strategic partnership and investment with Hivemind Capital, one of the leading crypto asset manager, to accelerate the company’s ability to partner, as well as natively develop and scale Web3 applications on its award-winning esports platform.

“We believe that games are quickly becoming platforms for their communities,” he said. sam matthew, Founder and CEO of Fnatic. “Therefore, while scaled Web3 gaming is still some time away, blockchain-enabled digital assets and applications are accelerators for gaming and the communities around them. Partnering with Hivemind represents a huge step for us towards a world where every gamer owns their digital assets and most games have an app store-like developer-user ecosystem that is transparent, thriving, and enables millions more gamers to make a living from gaming.” .

The move is part of Fnatic’s goal to pursue additional Web3 opportunities to benefit players and gaming in general, with more on the way. Along with Hivemind, other Web3 organizations joining this investment round include GuildFi, IndiGG, Paribu Ventures, Polygon, Presto Labs, Trinito, and WW, with the goal of helping enable digital asset ownership and turnkey solutions. for new games to build strong economies. This further supports Fnatic’s activities on Web3, including their partnership with crypto.com, gaming partnerships like the recently announced Guild of Guardians collaboration, or the launch of Fnatic’s natively developed fan membership program with exclusive features and content, a blockchain-based initiative like no other in sports.

“Fnatic and their global fan base represent exactly the type of Web3-ready franchise we’re excited about,” he said. matt zhang, Founder and Managing Partner of Hivemind. “The iconic Fnatic brand is a pioneer in the esports space, and the management team has built a strong, technology-enabled business with a track record of years. We believe gaming as an industry is uniquely aligned with the functionality and applications of the blockchain, making Fnatic a natural candidate for sponsored acceleration of its Web3 efforts.”

The strategic partnership will allow Fnatic to expand beyond existing partnerships and further develop their own native Web3 applications to improve player performance. This effort is consistent with its long history of pioneering esports and driving innovation in gaming more generally. Hivemind’s endorsement will also help build momentum towards Fnatic’s long-term goals of scaling gaming economies through broader creation and ownership of digital assets.

About Fnatic

Fnatic is a global Esports performance brand headquartered in London. It is laser focused on leveling up players, thanks to its digital ecosystem and physical products. Founded in 2004 by sam matthewSince then, Fnatic teams have won over 200 championships in 30 different games and are the most successful esports brand of all time. Beyond winning prestigious championships, Fnatic’s mission is to be the leading performance brand. Fnatic is the channel through which the most cutting-edge brands communicate with digital native audiences. It offers industry-leading content, experiences and activations through its offices and facilities in cities between London, Sedan Y tokyo. For more information, visit Fnatic.com.

About Hivemind

Hivemind Capital Partners (“Hivemind”) is a crypto-focused investment company dedicated to blockchain technologies, crypto companies and the ecosystem of digital assets. Hivemind leverages a convergent multi-strategy approach to create end-to-end capital solutions for entrepreneurs and provides a category-leading infrastructure to institutionalize crypto invest

nick russel,
nick.russell@ready10.media,
+44 07791348086

View original content: https://www.prnewswire.com/news-releases/fnatic-announces-strategic-partnership-with-hivemind-capital-to-further-web3-ambitions-301691465.html

SOURCE Fnatic