Hedge Fund Pantera Capital Says This Sector Could Onboard New Wave of Users Amid New Altcoin Project Collaboration

Crypto hedge fund Pantera Capital says that one sector of the digital property {industry} might onboard new waves of customers because it declares its collaboration with an under-the-radar challenge.

In a brand new blog post, decentralized autonomous group (DAO) Benefit Circle (MC) says that it’s collaborating with Pantera Capital as a way of bolstering Beam (BEAM), its gaming ecosystem powered by layer-1 blockchain Avalanche (AVAX).

“We’re thrilled to share that we’re forming a strategic collaboration with industry-leading investor Pantera Capital. It’s with pleasure that we are able to welcome the famend fund as BEAM holders, and have their assist in hiring, connecting with present and future video games and general spreading the phrase about our DAO, and our gaming ecosystem Beam…

Beam is the community that brings seamless blockchain expertise to the gaming {industry}. Beginning out as a easy thought, Beam has advanced right into a chain-agnostic ecosystem that homes all kinds of video games, merchandise and purposes.”

Based on Cosmo Jiang, a portfolio supervisor at Pantera, the gaming sector might onboard the following technology of crypto customers.

As acknowledged by Jiang within the announcement,

“Gaming, more and more the first medium of social connectivity, we imagine might be a significant catalyst for onboarding the following technology of customers onto blockchain rails. We’re excited to assist the Beam protocol within the subsequent leg of its journey because it leverages digital asset possession to redefine the gaming expertise.”

In a thread, Jiang additionally tells his followers on the social media platform X that gaming is among the most “thrilling” markets in shopper media, even exterior of Web3.

“Gaming is among the most enjoyable finish markets throughout shopper media – this isn’t distinctive to Web3, however Web3 is uniquely positioned to allow it. Grateful to have the ability to be a small a part of the [Merit Circle and Beam] journey.”

At time of writing, BEAM is buying and selling for $0.149, a 7% enhance over the last 24 hours.

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