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With a $10 million initial funding, Saakuru Labs and Memecore announced the establishment of a joint foundation with the goal of investing in and acquiring meme coin communities and games that would integrate into the Saakuru and MemeCore ecosystems.
This strategic collaboration will boost activity on the Memecore Layer 1 protocol and improve the decentralized application (dApp) ecosystem on the Saakuru Layer 2 Protocol. With the help of this capital, the two firms will use their expertise of blockchain gaming to broaden the gaming market and support upcoming Web3 gaming initiatives. This effort is in line with Memecore’s emphasis on promoting blockchain innovation.
Key Highlights of the Partnership:
- $10M Fund for Gaming initiatives: Memecore and Saakuru Labs will provide $10 million to game development initiatives, providing not just funding but also strategic and technical assistance.
- Emphasis on Gaming Ecosystem Growth: By encouraging innovation in game creation, the partnership aims to raise total value locked (TVL) inside the Saakuru and Memecore ecosystems.
- Publishing and Incubation: Game studios will get comprehensive assistance from Saakuru Labs, which includes publishing options, development resources, and incubation.
- Access to Early-Stage Investments: To assist prospective gaming studios grow from idea to launch, both businesses will use their networks to find early funding possibilities.
Jack Vinijtrongjit, Co-Founder & CEO of Saakuru Labs stated:
“We have built a strong reputation in the blockchain gaming industry, and this partnership with Memecore allows us to accelerate the development of new gaming projects. With this collaboration, we’re able to offer more resources to top-tier game developers and further strengthen both ecosystems.”
Finn, Co-Founder of Memecore stated:
“This partnership with Saakuru Labs represents a major milestone for Memecore. Together, we are creating a foundation for the future of blockchain gaming, bringing a new wave of exciting projects into the Web3 space.”
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