Saakuru Labs and Memecore have unveiled a new joint foundation aimed at expanding the blockchain gaming sector, backed by a $10 million initial investment. The fund focuses on acquiring and investing in meme coin communities and gaming projects, with the goal of integrating them into the ecosystems of both Saakuru and Memecore. This initiative seeks to reduce barriers for developers transitioning from traditional gaming to blockchain-based platforms.

The collaboration will offer not only financial support but also technical and strategic assistance to gaming projects. The companies aim to grow the gaming landscape by investing in initiatives that can enhance their web3 ecosystems. By combining their resources, Saakuru Labs and Memecore hope to foster innovation and attract a wave of new projects in the blockchain gaming space.

Consumer-Centric L2 Protocol with Zero Transaction Fees

Reducing Barriers for Developers

A core objective of the newly launched foundation is to make the shift from traditional game development to blockchain-enabled platforms more accessible. By providing comprehensive support for developers—from incubation to publishing opportunities—Saakuru Labs aims to ease the transition. The platform's resources include financial backing, technical assistance, and strategic guidance to help developers build and launch successful blockchain-based games.

Jack Vinijtrongjit, Co-Founder and CEO of Saakuru Labs, highlighted the company's strong reputation in blockchain gaming as a key asset in this endeavor. "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," Vinijtrongjit said. "With this collaboration, we’re able to offer more resources to top-tier game developers and further strengthen both ecosystems."

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Enhancing the Blockchain Gaming Ecosystem

The $10 million fund is not just about financial investment. It will also provide technical resources that can help developers optimize their blockchain gaming projects. Saakuru Labs, with its established ecosystem, will play a central role in facilitating the growth of these projects. It aims to increase the total value locked (TVL) within both the Saakuru and Memecore ecosystems by supporting promising game development ventures.

Saakuru Labs' platform includes features specifically designed to bridge the gap between traditional and blockchain gaming. It employs a Layer 2 protocol that enables zero transaction fees for game developers. This is particularly advantageous for high-complexity games like massively multiplayer online role-playing games (MMORPGs), which require fast block times and efficient on-chain operations.

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Memecore’s Role and Future Prospects

While Saakuru Labs brings its gaming expertise and technical resources to the table, Memecore is contributing with its vision for meme coin communities and blockchain technology. The company is working on developing a Layer-1 blockchain specifically tailored to the needs of the meme coin space.

By creating a unique infrastructure for this sector, Memecore aims to capture the growing interest in meme coins and integrate these communities into the broader web3 ecosystem. Finn, Co-Founder of Memecore, described the partnership as a significant 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." 

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Strategic Goals and Market Impact

The alliance between Saakuru Labs and Memecore represents a strategic step toward growing the blockchain gaming industry. By offering a combination of financial support, technical expertise, and a robust platform, the joint foundation aims to attract high-quality projects that can enhance the ecosystems of both companies. The fund also targets increasing TVL and bringing more developers into the web3 space, further solidifying the companies' positions in the industry.

The launch of this foundation could potentially accelerate the adoption of blockchain gaming, making it more mainstream and accessible. As developers gain more resources and face fewer hurdles in transitioning to web3, the blockchain gaming market is expected to see a surge in innovative projects and active users.

The partnership’s focus on both gaming and meme coin communities highlights an emerging trend in the web3 space, where different sectors are increasingly converging. This initiative could serve as a model for future collaborations in the blockchain industry, showcasing the potential for joint ventures to reshape market dynamics. More information is available here.