Cryptocurrency companies need to accelerate now more than ever, as the markets look promising for the first two quarters of 2025. Cryptocurrencies are experiencing a revival similar to the end of 2020, and despite periodic corrections, BTC has reached six-figure price levels. This weeks crypto events have brought significant announcements, one of which was revealed just recently.

Multi-Million Dollar Altcoin Investment

Investment firms, crypto foundations, and VC funds are ramping up their investments in the crypto space. Just minutes ago, the Beam Foundation announced plans to launch a $150 million venture fund called Beam Ventures. The announcement, made at an event in Abu Dhabi, aims to transform the region into a global gaming hub.

This strategic move is designed to support cryptocurrency ventures at the intersection of blockchain, gaming, and artificial intelligence. Beam Ventures will allocate the necessary resources to game developers at early stages, fostering the emergence of new crypto projects.

Abu Dhabi's Vision for Gaming and Innovation

Abu Dhabi, United Arab Emirates, has ambitious goals such as developing an esports island and growing its gaming community. HE Saeed Al Fazari, Executive Director of Strategic Affairs at the Abu Dhabi Department of Culture and Tourism, stated:

In the last three years, we have built a robust gaming infrastructure in Abu Dhabi, and establishing a dedicated gaming fund is a crucial step to ensure the continued growth of this ecosystem. This initiative aligns seamlessly with our Abu Dhabi Gaming efforts, reflecting our commitment to welcoming investments in the gaming sector and highlighting the confidence and trust investors place in our ecosystem.

He further added:
We remain committed to attracting and nurturing talent, contributing to the knowledge-sharing economy, and fostering the growth of creative industries. This fund marks another step in ensuring Abu Dhabi becomes a global hub for excellence and innovation in gaming.

Current State of Cryptocurrencies

Bitcoin is priced at $97,918.0 as of the time of writing, maintaining levels above $98,000, while the downturn in altcoins seems to be reversing. Todays upcoming U.S. inflation data might significantly ease the macroeconomic pressure. Bitcoins market dominance is starting to decline again, while the total value of cryptocurrencies has risen by approximately 1%.

The total trading volume across all cryptocurrency exchanges remains above $275 billion. ETH, still below $3,800, might surpass this level soon, potentially reaching peaks above $4,000.