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Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO

TechCrunch

This February, Africa and emerging market-focused Nestcoin raised a pre-seed round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). MVM’s seed sale token ensures opportunities for millions of gamers in these emerging markets.”.

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Consumer investment fatigue

Tomasz Tunguz

Many of the promising marketing and media innovations of the past six years, daily deals, subscription ecommerce, social gaming and social media, have been struggling. I’ve been asked a few times whether there is consumer investment fatigue as a result. But consumer investment will continue.

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a16z, Avenir and Google back South African mobile games publisher Carry1st in $20M round

TechCrunch

Carry1st , a South African publisher of social games and interactive content across Africa, has raised a $20 million Series A extension led by Andreessen Horowitz (a16z). Carry1st also received investments from Avenir and Google; it’s the latter’s second check from its Africa Investment Fund.

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Kodland, which teaches kids digital skills, grabs $9M to scale its online coding school

TechCrunch

A bunch of cohort-based learning platforms has also been successful in attracting recent investment — by, similarly, seeking to bridge the gap between edtech and the creator economy. The Kodland team focuses precisely on the practical knowledge and opportunities for children to learn relevant professions in an interactive manner.”

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Riot Games and Konvoy Ventures back games publisher Carry1st in $6M Series A

TechCrunch

million seed investment. CRE Ventures led that round , but this time, the company, which has offices in Cape Town and New York, brought in a blue-chip group of investors spanning gaming, media and fintech. The firm is known for its investment in the video gaming industry’s infrastructure, technology, tools and platforms.

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The Last Gameboard raises $4M to ship its digital tabletop gaming platform

TechCrunch

At $699 for the Gameboard it’s not exactly an impulse buy, either, but the fact of the matter is people spend a lot of money on gaming, with some titles running into multiple hundreds of dollars for all the expansions and pieces. “They see the digital crossover is going to happen — people are playing online board games now.

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This Week in VC with Om Malik & Paul Jozefak

Both Sides of the Table

Venture Capital funds: the different between “closed funds&# (which typically have a 10-year time horizon) and “evergreen funds&# which re-invest profits back into the fund. An investment doesn’t guarantee your product will suddenly be on the investor’s price sheet. DST invested $180mm last fall.

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