Saakuru Labs and Memecore have announced the creation of a joint foundation with an initial funding of $10 million aimed at investing in meme coin communities and gaming projects that will become part of the Saakuru and MemeCore ecosystems.

Collaboration between Saakuru Labs and Memecore

This strategic partnership is designed to 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, both companies will leverage their expertise in blockchain gaming to expand the gaming landscape and nurture the next generation of Web3 gaming projects.

Focus on Gaming Ecosystem Growth

Key highlights of the partnership include a $10 million fund allocated to gaming development projects, offering not just capital but also technical and strategic support. The collaboration aims to increase total value locked (TVL) within the Saakuru and Memecore ecosystems by fostering innovation in game development.

Objectives and Goals of the Fund

Saakuru Labs will provide end-to-end support for game studios, offering incubation, development resources, and publishing opportunities. Both companies will leverage their networks to secure early investment opportunities in promising game studios, helping them scale from concept to launch.

The establishment of the fund marks a significant step forward for Saakuru Labs and Memecore in their quest to expand the Web3 gaming ecosystem, providing support and resources for promising game projects.