Crypto VCs FOMO’d into GameFi projects last bull run, but they’ve become much more picky this time, industry executives say.
During the last bull run, VC firms were more concerned about missing out on the hype, but they’re taking a much more measured approach this time.
Keiran Warwick, founder of GameFi studio Illuvium, who recently raised $12 million in VC funding, said he saw the same thing, with much of the investor fervor then driven by a fear of missing out .
this time as the top-tier projects have launched or are close to launching and are priced at much more reasonable valuations, Wei explained. His firm has invested in Yield Guild Games, Guildfi, Snack Club, Moonveil and Ignite Tournaments.
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