Saakuru Labs and Memecore Unveil a $10M Foundation to Invest in Gaming Ecosystem

Saakuru Labs and Memecore announced on Thursday, October 17th, that they have launched a joint foundation with initial funding of $10M. The foundation will invest in and acquire meme coin communities and games that will become part of the Saakuru and MemeCore ecosystems. 

In a press release shared with Cryptowisser, the teams added that this strategic partnership will enhance the decentralized application (dApp) ecosystem on the Saakuru Layer 2 Protocol while increasing activity on the Memecore Layer 1 protocol. 

The two entities will use their expertise in blockchain gaming to expand the gaming landscape and nurture the next generation of Web3 gaming projects.

Here are some important details of this partnership: 

• $10M Fund for Gaming Projects: Saakuru Labs and Memecore will allocate $10 million to invest in game development projects, offering not just capital but also technical and strategic support.

• Focus on Gaming Ecosystem Growth: The collaboration is designed to increase total value locked (TVL) within the Saakuru and Memecore ecosystems by fostering innovation in game development.

• Incubation and Publishing: Saakuru Labs will provide end-to-end support for game studios, offering incubation, development resources, and publishing opportunities.

• Early-Stage Investment Access: Both companies will leverage their networks to secure early investment opportunities in promising game studios, helping them scale from concept to launch.

While commenting on this launch, Jack Vinijtrongjit, Co-Founder & CEO of Saakuru Labs, said,

“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 further strengthen both ecosystems.”

Finn, Co-Founder of Memecore, added that,

“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 Labs is a blockchain gaming platform and publisher that offers comprehensive support for game developers. From concept to launch, Saakuru provides resources and expertise to develop, publish, and promote games while enhancing connectivity between Web2 and Web3 through its consumer-centric Layer 2 protocol with zero transaction fees.

Meanwhile, Memecore is a blockchain platform dedicated to supporting the meme coin community and fostering innovation within the meme and gaming ecosystems. Memecore’s mission is to provide a seamless, decentralized future for the meme coin community, combining creativity with inclusivity.