Check out the most recent investment opportunities linked to Web3, AI, and cryptocurrency over the dates of March 18-22.

In the past week, significant advancements have been made, showcasing the variety and growth of investment approaches in the realm of new technologies. Noteworthy investments, including Square Enix’s venture into Web3 gaming, BlackRock’s cryptocurrency initiatives, and Saudi Arabia’s ambitious AI fund, represent a strategic effort to unlock the future potential of these technologies. Let’s dive into the latest financial projects that are shaping Web3, AI, and digital currencies.

Square Enix, the prominent Japanese game creation company, has joined forces with HyperPlay, a platform dedicated to Web3 gaming.

Renowned for classic titles like Final Fantasy and Kingdom Hearts, Japanese game publisher Square Enix has formed a partnership with HyperPlay. Announced on March 19, the specifics of the investment remain undisclosed, but the goal is to expand and enhance the HyperPlay gaming store. As part of this collaboration, Square Enix plans to launch 'SYMBIOGENESIS,' an art piece inspired by the widely-used cryptocurrency wallet MetaMask, exclusively on the HyperPlay platform.

Immutable, Polygon, and VC King River Capital Unite to Launch a $100 Million Gaming Investment Fund.

In a collaborative effort, Immutable, Polygon Labs, and the venture capital firm King River Capital have unveiled the Inevitable Games Fund, marking a significant $100 million investment dedicated to blockchain-based gaming. Additional financial backing is provided by entities from the crypto gaming sector, including Merit Circle, with key players such as Immutable's co-founders James and Robbie Ferguson, along with Polygon's Sandeep Nailwal, and contributing family offices like Mike Arrington and Sonic Boom Ventures, led by Steve Kokinos. This fund has already garnered foundational support from Abu Dhabi's Alpha Wave Ventures.

Saudi Arabia Aims to Establish a $40 Billion Fund for AI Startups.

In an ambitious move, the Saudi government is planning to create a substantial $40 billion fund focused on artificial intelligence, earmarked for investments in a variety of tech firms related to AI, including data centers and semiconductor manufacturers. Recent discussions have indicated potential partnerships with prominent investment firms, such as Andreessen Horowitz (a16z) and others.

Urbanic Secures an Impressive $150 Million to Enhance its AI-Driven Design Capabilities.

Urbanic, a London-based fashion company well-regarded for seamlessly blending technology with creativity, has just announced the successful conclusion of its Series C funding round, raising an impressive $150 million. Notable investors in this round include the Swiss-based Mirabaud Lifestyle Impact & Innovation Fund, the investment firm D1 Capital Partners, the JAM Fund, among others. This funding aims to leverage AI technology to transform the fashion landscape, supporting initiatives like the development of a proprietary large language model (LLM) trained on diverse codebases for generating fashion designs, AIGC-based creative content, and refining supply chain efficiency.

BlackRock Initiates a Cryptocurrency Fund, Allocating $100 Million to Ethereum.

In a bold statement, BlackRock has deposited $100 million in USDC on the Ethereum blockchain, marking a significant investment shift. While the details regarding the fund's specific assets remain under wraps, the collaboration with Securitize, a leading name in asset tokenization, highlights a focus on Real-World Assets (RWA) tokenization. This innovative process allows for the conversion of physical assets, such as real estate, into blockchain tokens, enhancing both their marketability and liquidity. Please keep in mind that the content presented here does not constitute any kind of legal, tax, investment, financial, or other advice. It is crucial to only invest what you can afford to lose, and if you have any uncertainties, seeking independent financial guidance is highly recommended. For more detailed information, we advise you to refer to the issuer's terms and conditions as well as their help and support resources. MetaversePost is dedicated to providing accurate and impartial news, but please note that market conditions can change unexpectedly.