Play2Live (P2L), a Limassol, Cyprus-based decentralized streaming platform for gamers and esports fans based upon blockchain technology, has launched a venture capital fund.
The fund – whose initial value is $2M and plans to attract new partners – will focus on seed investments in gaming and esports projects from Eastern European countries and CIS. Each project will receive $50K to $150K amount of investments.
The fund team plans to hold 48 hours hackathons in Minsk, Moscow and Kazan, uniting developers, gamedev specialists, machine learning and blockchain pros.
The prize fund for each hackathon will be $10K. During these hakatons, the fund will be looking for projects in the field of computer vision in games, game characters intellectual behavior training, game strategy optimization, game data analysis and matches outcome prediction.
Alexey Burdyko, CEO and founder, Play2Live, and one of the industry leaders of the esports market in Eastern Europe and CIS, will become a managing partner of the fund, which, in the coming months, will announce the first deals.
The team, which will unite global gaming, esports and venture industries leaders, will form an advanced advisory board that will consist of current large-scale esports companies’ representatives and gaming market professionals.