Tower 26 Venture Fund Raises $50M for VR Games, Metaverse: Report

Despite the aboriginal fumbles of the VR market, there’s capable caller momentum successful the assemblage to spin-up a caller $50 cardinal money to put successful VR opportunities alongside the metaverse says Jon Goldman an experienced crippled capitalist and erstwhile workplace executive.

• In a VentureBeat report, Goldman said his caller money volition absorption “mostly connected VR gaming” but besides the metaverse. The money is named aft the Tower 26 lifeguard operation successful Venice, California.

• Goldman said that blockchain games are “interesting”, but it won’t beryllium the superior absorption of the fund.

• Goldman was the laminitis of Foundation 9 Entertainment, which created games based connected Star Wars, The Matrix, The Simpsons, and Lord of the Rings.

• This is the 2nd gaming money for Goldman, aft the GC Tracker Fund which was a $15 cardinal money for effect investments successful gaming VR and AR.

• The GC Tracker Fund launched successful the aboriginal days of VR gaming, and astir of the companies successful the money did not past the ‘trough of disillusionment’ aft VR failed to instrumentality disconnected successful 2016.

• Goldman said that lone 30% of the VR money is inactive viable.

• In the clip since, the fig of VR headsets owned by the public has deed astir 3 cardinal and the playtime has accrued importantly but VR inactive remains a niche signifier origin for gaming.