Fnatic Announces Strategic Partnership with Hivemind Capital to further Web3 ambitions

Fnatic to Focus New Efforts on Gamer Performance and Ownership of Digital Assets, Expanding In-Game Digital Economies Using Web3 Tech.

Fnatic, the world's leading esports performance brand, today announced a strategic partnership and investment with Hivemind Capital, a leading crypto asset manager, in order to accelerate the Company's ability to partner as well as natively develop and scale Web3 applications across its award-winning esports platform.

"We think that games are rapidly becoming platforms for their communities," said Sam Mathews , Founder and CEO of Fnatic. "So while scaled Web3 gaming is still a while away, blockchain-enabled digital assets and applications are accelerants for games and the communities around them. The partnership with Hivemind represents a big step for us towards a world where every gamer owns their digital assets and most games have an App-store-like developer-user ecosystem that's transparent, thriving and enables millions more gamers to make a living from gaming."

The move is part of Fnatic's aim to seek out additional Web3 opportunities to benefit gamers and gaming as a whole, with more in the pipeline. Alongside Hivemind, other Web3 organizations joining this investment round include GuildFi, IndiGG, Paribu Ventures, Polygon, Presto Labs, Trinito and WW ventures, with the goal of helping to enable digital ownership of assets and turnkey solutions for new games to build robust economies. This further supports Fnatic's activities in Web3 including it's partnership with Crypto .com, game partnerships like the recently announced Guild of Guardians collaboration, or the launch of Fnatic's natively developed fan memberships programme with exclusive features and content, an unparalleled initiative in sports that's built on the blockchain.

"Fnatic and its global fan base represent exactly the type of Web3-ready franchise we are excited about," said Matt Zhang , Founder and Managing Partner of Hivemind. "The iconic Fnatic brand is a pioneer in the esports space, and the management team has built a strong, technology-enabled business with a years-long track record. We believe gaming as a sector aligns uniquely with blockchain functionality and applications - making Fnatic a natural candidate for sponsored acceleration of its Web3 efforts."

The strategic partnership will allow Fnatic to expand beyond existing partnerships and further develop its own, native Web3 applications to enhance gamer performance. This effort is consistent with its long history of pioneering esports and driving innovation in gaming overall. The backing by Hivemind will also help build momentum towards Fnatic's long-term goals of scaling game economies through broader creation and ownership of digital assets.

About Fnatic

Fnatic is a global Esports performance brand headquartered in London . It is laser-focused on leveling up gamers, thanks to its digital ecosystem and physical products. Founded in 2004 by Sam Mathews , Fnatic teams have since claimed more than 200 championships across 30 different games and are the most successful esports brand of all time. Beyond winning prestigious championships, Fnatic's mission is to be the flagship brand for performance. Fnatic is the channel through which the most forward-thinking brands communicate with digitally native audiences. It delivers industry-leading content, experiences and activations through its offices and facilities in cities between London , Berlin and Tokyo . For more information, visit Fnatic.com.

About Hivemind

Hivemind Capital Partners ("Hivemind") is a crypto -focused investment firm dedicated to blockchain technologies, crypto companies and the digital assets ecosystem. Hivemind leverages a converging multi-strategy approach to create start-to-finish capital solutions for entrepreneurs, and provides category-leading infrastructure to institutionalize crypto investing.

Nick Russell ,
nick.russell@ready10.media ,
+44 07791348086

Cision View original content: https://www.prnewswire.com/news-releases/fnatic-announces-strategic-partnership-with-hivemind-capital-to-further-web3-ambitions-301691465.html

SOURCE Fnatic

News Provided by PR Newswire via QuoteMedia

GAMING00
The Conversation (0)
East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
hand touching phone

Game-changing Prospects for the iGaming Market

iGaming has grown considerably in recent years. Driven by innovations in web technology and a changing regulatory landscape, online casinos and sportsbooks are more popular than ever.

To understand how the landscape may change moving forward, investors should assess how the industry has evolved in recent years.

Keep reading...Show less
smartphone on podium

Top Trends Shaping the Canadian iGaming Market

From emerging technologies to evolving regulations, the trajectory of iGaming has changed substantially in recent years as the market has experienced significant growth.

In 2022, Ontario's provincial government introduced game-changing legislation that established a regulatory framework for iGaming. Due to this legislation, regulated iGaming successfully displaced the unregulated market, according to Attorney General Doug Downey, creating over 1.6 million active player accounts across more than 70 operator websites as of April 2023 — just over one year following the change.

Ontario's regulation has also laid the groundwork for widespread change in the iGaming space across Canada. As iGaming continues to evolve, it's important to have a deeper understanding of both new and existing trends that will shape the industry's future, as well as regulations.

Keep reading...Show less
NorthStar Gaming Holdings

NorthStar Gaming Holdings


Keep reading...Show less
NorthStar Gaming Announces New Partnership Agreement with BettorView

NorthStar Gaming Announces New Partnership Agreement with BettorView

Partnership strategically positions NorthStar to reach consumers in restaurants and bars across Ontario

NorthStar Gaming Inc. (TSXV: BET) is proud to announce it has entered a partnership agreement with BettorView that will enable NorthStar to engage with consumers in restaurants and bars across Ontario. The partnership provides NorthStar with the opportunity to further expand player acquisition across both sports wagering and online casino in a frictionless and convenient manner.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
NorthStar Gaming Reports Triple-Digit Growth in Wagers and Revenue in Q3 2023

NorthStar Gaming Reports Triple-Digit Growth in Wagers and Revenue in Q3 2023

Strong year-over-year performance sets the stage for further growth

NorthStar Gaming Holdings Inc. (TSXV: BET) ("NorthStar" or the "Company") today released its financial results for the three- and nine-month periods ended September 30, 2023. All dollar figures are quoted in Canadian dollars.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×