Big tech giants such as Microsoft, Tencent, Sony, Nintendo, and others joined the Web3 space in the past two years. A new report from crypto analytics firm Coingecko dives into the sector and the projects backed by these major companies to answer a question: how are they investing in the nascent industry?
How Microsoft And Nintendo Are Investing In Web3?
According to the report, Microsoft and other big tech companies employ different strategies to inject capital into the Web3 space. The data reveals that most companies, or 75.9%, chose a “measured and indirect approach.”
In that way, the investors can cover themselves in case of “adverse headlines” or if the project faces any particular challenges while keeping the benefit of backing blockchain-based companies. In other words, Nintendo and others can leverage the technology without exposing themselves to bad press.
Other major tech companies, such as the China-based Tencent and Unity Software, are pouring money into developing
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