Cindadox has launched a $50 million fund with a focus on Web3 games

Scaling solutions developer Cindadox announced the launch of a $50 million ecosystem fund.

The fund will focus on funding Web3 game developers and NFT-oriented startups based on Cindadox. The entity plans to collaborate with other investors, including Animoca Brands, Arrington Capital and GameStop.

Cindadox co-founder Robbie Ferguson told TechCrunch that the main goal is to make next-generation Web3 games scalable and encourage adoption.