Blockchain-centric investment entity Sanctor Capital has successfully secured $20 million to financially support emerging initiatives across the crypto sphere, showing the continual inflow of venture capital in the market. 

Specifically, the investment fund will reportedly be channeled towards bootstrap initiatives in a variety of the top anticipated areas of the crypto world, nominally DeFi, GameFi and cross-chain infrastructure development, per Sanctor. 

Apart from financially supporting early-stage firms, Sanctor will further roll out guidance to blockchain founders, regarding the method for introducing and scaling their offerings. 

DeFi – short for decentralized finance – has reportedly turned into one of the sectors carrying the highest value of the crypto sphere, with more than $245 billion in overall value locked.

GameFi, meanwhile, is used to mention the financialization of gaming via DeFi and nonfungible tokens (NFTs). Projects such as Axie Infinity and Decentraland have both experienced exponential growth, taking the pioneering roles of GameFi. 

Facebook’s initiative for the rebranding project to Meta and develop its own “metaverse” is also reeling in attention to the economics of virtual gaming.

When coming upon the question of the evaluation criteria for choosing which firms receiving the funding, Head of  Sanctor Capital – Han Kao emphasized “dozens of factors,” including the skills and experience of the team, and if their vision match that of Sanctor’s perspective on the sector over the next half of full decade.

“Hundreds of millions of gamers from around the world, especially from emerging economies like [Southeast] Asia and [Latin America], come together and interact with the existing blockchain economy through gaming, lending, borrowing, and trading. It has the potential to not just bank the un-bank, but to transform world labor economies and simultaneously educate financial literacy to all participants.” Han Kao further remarked.