Galaxy Digital, the sprawling crypto investment firm founded by billionaire Mike Novogratz, announced on Tuesday that its Galaxy Interactive division has raised a $325 million investment fund.
The new fund will be dedicated to “interactive” projects, which is how Galaxy describes those “at the intersection of content, finance, and technology.”
In an interview with Decrypt, Galaxy general partner Sam Englebardt, who leads the “interactive” fund, said crypto gaming and art will be among the sectors he is focusing on.
“We’re investing in opportunities that arise as a result of young people moving en masse to digital. The digital identity they build for themselves is just as important as the real world,” said Englebardt, who described the emerging metaverse as the biggest change in culture he’s seen in his lifetime.
Englebardt says he has focused particularly on the video game industry, which he had described as the “tip of the spear” for the broader—and still evolving—crypto sphere.
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