A16z Launches First Gaming Fund With $600M Commitment

The company said its fund, Games Company ONE, is “founded on the belief that games will play a pivotal role in defining how we socialize, play, and work over the next century.” It added that in the long term, it believes gaming infrastructure and technologies will be important building blocks of the Metaverse, an opportunity it says could be much bigger than the current $300 million game industry itself.