Investing.com – Blockchain gaming platform Saakuru Labs and Memecore have teamed up to launch a recent joint foundation with an initial funding of $10 million. The fund focuses on investing in and acquiring meme coin communities and gaming projects to bring them into the Saakuru and Memecore ecosystems.

The alliance aims to break down barriers to entry for developers, facilitating the transition from established games to blockchain-based platforms

The capital injection will be used to support blockchain gaming projects, providing not only financial support but also technical and strategic resources. Both companies plan to focus on growing the gaming landscape by investing in projects that will expand their Web3 gaming ecosystems.

Saakuru Labs will provide full support to game developers, from incubation to publishing opportunities. The platform expects this initiative to escalate the total value locked (TVL) in both the Saakuru and Memecore ecosystems.

“We have built a strong reputation in the blockchain gaming industry, and the partnership with Memecore allows us to accelerate the development of new gaming projects,” said Jack Vinijtrongjit, co-founder and CEO of Saakuru Labs. “Through this collaboration, we are able to offer more resources to leading game developers and further strengthen both ecosystems.”

Memecore co-founder Finn added: “This partnership with Saakuru Labs marks a significant milestone for Memecore. Together we are laying the foundation for the future of blockchain gaming, bringing a recent wave of thrilling projects to the Web3 space.

With its resources and expertise, Saakuru helps developers promote their games with zero transaction fees while bridging the gap between Web2 and Web3 via Layer 2 protocol.

Saakuru’s brisk block time allows developers to run on-chain applications such as MMORPGs while eliminating gas fees. For its part, MemeCor is developing a Layer 1 blockchain designed specifically for the meme coin space.