Mechanism Capital Launches $100M ‘Play-to-Earn’ Gaming Fund

Mechanism Capital Launches 0M ‘Play-to-Earn’ Gaming Fund
Crypto investment firm Mechanism Capital has launched “Mechanism Play,” a $100 million fund dedicated to play-to-earn gaming, the company announced Monday.Originally founded with a focus on decentralized finance (DeFi) in August 2020, the firm pivoted to blockchain-based gaming after a slew of home run investments in the sector, including metaverse platform Star Atlas, play-to-earn Ember Sword and guild giant Yield Guild Games, according to a press release.“Right now it’s called play-to-earn, but I think there’s a big push among industry participants to try to rebrand to play-and-earn,” Marc Weinstein, head of platforms at Mechanism Capital, told CoinDesk in an interview.…