The Smooth Love Potion (SLP) token used in the game surged 159% within the last year whilst the AXS governance token which Delphi built is up over 1000x since its initial public listing late last year. Play-to-earn gamingĪxie Infinity started to gain attention in recent months as players in the Philippines started to make more money from the game than some traditional jobs. One of Delphi's first big bets was Axie Infinity, the play-to-earn game. At Bitkraft, the team looks at crypto investment in three buckets - crypto games and experiences tools and infrastructure and then marketplaces and platforms.ĭelphi, meanwhile, has a proprietary fund, so there's more flexibility in the type of investments they can explore. The investing styles of the two teams differ. "Combine that aspect with the deep games network and game design expertise of Bitkraft and we think it's pretty compelling." "Basically that allows us to combine this deep token engineering experience of Delphi, which is activist in our investing approach, often come in at these early stages and actually help build out these token models and stress-test them," Kicks said. The two companies just launched an exclusive partnership on a $75 million token fund, where they will look at token-based investments together, led by Kicks. Two years later, Kicks also took on the position as crypto lead at Bitkraft, a gaming venture fund with over $540 million assets under management that was founded by Jens Hilgers, a legend in the gaming world known for helping esports go mainstream. Kicks, after a stint of competitive gaming on Rainbow Six Siege and starting his own venture fund, co-founded the venture arm of the crypto research house Delphi Digital in 2019. It wasn't a savvy investment decision at the time, it was simply a way for him to secure virtual currency in the online fantasy game Runescape.īut it's decision that set him up for a career in investing, as he's now one of the leading crypto gaming venture capitalists almost a decade later. He shares his outlook for play-to-earn gaming and the battle between layer one blockchains.Īt 13 years old, Piers Kicks got his first bitcoin when it was trading at around $8.Almost a decade later, he's a leading a VC in the crypto gaming space.Piers Kicks got his first bitcoin at 13 years old while playing online fantasy game Runescape.
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