Foundation

Singapore, Singapore, October 17th, 2024, Chainwire 
<a href="https://saakuru.com/" rel="noopener noreferrer nofollow" target="_blank">Saakuru Labs</a> and <a href="https://memecore.com/" rel="noopener noreferrer nofollow" target="_blank">Memecore</a> announced the creation of a joint foundation with initial funding of $10M, aimed at investing in and acquiring meme coin communities and games that will become part of the Saakuru and MemeCore ecosystems.
This strategic partnership will enhance the decentralized application (dApp) ecosystem on the Saakuru Layer 2 Protocol, while also increasing activity on the Memecore Layer 1 protocol. With this fund, the two companies will leverage their expertise in blockchain gaming to expand the gaming landscape and nurture the next generation of Web3 gaming projects.
Key Highlights of the 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.
<blockquote>
 “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,” said Jack Vinijtrongjit, Co-Founder &amp; CEO of Saakuru Labs. “With this collaboration, we’re able to offer more resources to top-tier game developers and further strengthen both ecosystems.”
</blockquote>
<blockquote>
 Memecore’s focus on fostering blockchain innovation is well-aligned with this initiative. “This partnership with Saakuru Labs represents a major milestone for Memecore,” said Finn, Co-Founder of Memecore. “Together, we are creating a foundation for the future of blockchain gaming, bringing a new wave of exciting projects into the Web3 space.”
</blockquote>
About Saakuru Labs: 
<a href="https://saakuru.com/" rel="noopener noreferrer nofollow" target="_blank">Saakuru Labs</a> 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.
 
About Memecore:
<a href="https://memecore.com/" rel="noopener noreferrer nofollow" target="_blank">Memecore</a> 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. 
<h5>Contact</h5>Jack Vinijtrongjit jack@saakuru.com 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Saakuru Labs and Memecore Launch $10M Foundation to Invest in Gaming Ecosystem (17 Oct)

Chainwire

Other articles published on Oct 17, 2024

Robinhood Expands Into Bitcoin and Ether Futures Amid Broader Derivatives Push

Major Upgrade for XRP Ledger (XRPL) as DID Capabilities Launches October 30

Solana Targets $1,000 as Analyst Eyes Ethereum Token Rally

Presale Token PCHAIN Flashes Buy Signal that Triggered the Dogecoin Price 2021 Rally from $0.01 t...

Orderly Network to Launch Unified Perpetual Trading Across Solana and EVM Chains

Radiant Capital Loses $58M in Major Hack: Private Keys Compromised

Join our free newsletter for daily crypto updates!