PANews reported on November 1 that according to Cointelegraph, VanEck said on October 31 that its private crypto fund had invested in the game startup Gunzilla Games, which was the asset management company's second bet on Web3 games. Matt Maximo of VanEck posted on the X platform that Gunzilla is the developer of the dystopian cyberpunk shooting game "Off The Grid", and players can earn Gunzilla's native GUN tokens in the game. Maximo said: "We believe that cryptocurrency is a tool to enhance the gaming experience and improve monetization strategies."
According to Maximo, players can also use GUN tokens to purchase in-game items directly on Off The Grid’s Web3 marketplace. Gunzilla’s marketplace runs on an Avalanche subnet called GUNZ.
Earlier on October 17, VanEck announced on the X platform that it had made two long-term investments in Web3 games, one of which was in the AI blockchain game Parallel, and the other had not yet been announced.
