zkTube and ONEUNI Capital Set Up $10 Million Seed Fund to Help GameFi Develop

On August 25, 2021, the zkTube Foundation and ONEUNI Capital have jointly established a Seed Incubation Fund with more than 10 investment institutions, with a scale of tens of millions of U.S. dollars. The Start-Up application channel for GameFi, NFT, and Metaverse in the Enterprise Ethereum Alliance will be opened on September 1. The Fund was established to promote the large-scale adoption of ZK-Rollup technology. The Foundation empowers developers to create and execute GameFi projects and build a strong DeFi ecosystem and GameFi channel in the zkTube Mainnet and PayTube Wallet once they are open source.

zkTube Foundation: Established in Australia in 2021, focusing on two aspects. One is to promote the enrichment of ecological construction after the zkTube mainnet is launched and to accelerate the establishment of PayTube Wallet as the most suitable DeFi and GameFi channel in Layer 2, thereby enabling PayTube wallet to incorporate more NFT, card, blind box, mining, DEX and other elements. The other one is part of the profits of the zkTube Foundation will be used to repurchase tokens periodically to promote the healthy development of the tokenomics.

The Enterprise Ethereum Alliance (EEA) was established in February 2017. The board member companies include Consensys, the Ethereum Foundation, JP Morgan, and Microsoft, etc. It also brings together Fortune 500 companies, such as Visa, BNY MELLON, Accenture, etc. In addition, there are many high-quality blockchain Start-Ups, technology service providers, academics, and Ethereum experts dedicated to applying Ethereum technology to the enterprise level.

ONEUNI Capital: A blockchain ecological fund founded by entrepreneur alumni from the University of Waterloo, the University of Toronto, and the University of Western Ontario. It focuses on the construction of the local blockchain ecosystem in Canada, excavating and empowering the early emerging forces of each vertical circuit of the blockchain.

The University of Waterloo in Canada is a well-known university in North America. Its teaching and research level in mathematics, computer science and engineering disciplines rank among the top in the world. Among them, the superior professional computer science ranks 18th in the 2017 USNEWS World University Rankings.

Ethereum founder Vitalik Buterin is also a famous alumnus of the university.

GameFi will be an investment boom

Axie Infinity’s strong revenue capability has set off a new round of GameFi craze, and it has proved that blockchain games have a broad market. According to DappRadar data, there have been more than 271,000 active users on Axie Infinity in the past 30 days. According to data from Token Terminal, the encrypted game platform has generated more than 220 million U.S. dollars in revenue in the past 30 days, which is the highest among all GameFi players.

How can blockchain be applied to people’s lives has always been a topic of discussion, and the majority of game practitioners are the first to find commercial opportunities and fully promote the development of the industry. This is why the GameFi craze continues today, and more blockbuster games are coming out.

In the GameFi environment, developers can give full play to their imagination and use code to create a colorful universe. They can also use tokens to motivate players and attract more and more users to join.

zkTube is looking for GemeFi Unicorns

With GameFi innovation accelerating across the crypto space, zkTube’s founding team believes that: GameFi will be the next major scenario for DeFi, NFT and larger cryptography, zkTube will build a GameFi Layer 2 ecosystem that is accessible to the whole world.

zkTube is friendly to developers, with large network throughput, fast transactions and high security, which is suitable as an infrastructure for developing Metaverse projects. At the same time, users will also benefit from zkTube’s excellent network performance and very low transaction costs. zkTube not only provides technical convenience for Start-Ups, but seed funds also invest in potential Start-Ups in the Ethereum Enterprise Alliance to help the development of new forces and create unicorns in the vertical field.

zkTube is the best Layer 2 environment for payment networks; PayTube is great for your Gateway to cryptocurrency and open finance.