Saakuru Labs and Memecore Launch New Foundation

Investing.com – Blockchain gaming platform Saakuru Labs and Memecore have partnered to establish a new joint foundation with an initial fund of $10 million. The fund aims to invest in and acquire meme coin communities and gaming projects to integrate them into the Saakuru and Memecore ecosystems.

The alliance hopes to lower entry barriers for developers, facilitating a smoother transition from traditional gaming to blockchain-powered platforms.

This capital injection will support blockchain gaming projects by providing financial backing as well as technical and strategic resources. Both companies intend to grow the gaming landscape by investing in projects that will enhance their Web3 gaming ecosystems.

Saakuru Labs will offer full support for game developers, assisting them from incubation to publishing opportunities. The platform anticipates that this initiative will increase the total value locked (TVL) within both the Saakuru and Memecore ecosystems.

> 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 strengthen both ecosystems.”

Memecore Co-Founder Finn also commented, “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.”

Saakuru utilizes its resources and expertise to help developers promote their games with zero transaction fees, bridging the gap between Web2 and Web3 through its Layer 2 protocol. Saakuru's rapid block time enables developers to run on-chain applications like MMORPGs while eliminating gas fees. Meanwhile, Memecore is creating a Layer-1 blockchain specifically for the meme coin sector.