What’s Possible: 20th May, 2022

We hope you enjoy this week's hand-picked selection of important and interesting stories from the frontiers of tech.

Virtual stadium developer Virtex closed $3.2M in seed funding

Virtex Stadium is a VR focused virtual stadium developer, creating an entire stadium experience for esports. Supporters of the funding round include Global Founders Capital, All Iron Ventures, Graph Ventures and Possible Ventures. (read)

a16z launches GAMES FUND ONE: Building the Future of Games

Games Fund One is a16z’s inaugural fund dedicated to building the future of the games industry. Having been investors in this space for more than a decade, they believe the industry has entered a new era, and that there’s no better time than now to build a fund focused on supporting the next generation of games builders. (read) (thread)

‍Global Esports & Live Streaming Market Report 2022

Newzoo’s report suggests that 2022 is on track to be another impressive year for esports growth. (read)

Introducing the 2022 State of Crypto Report

This report is the first of what will be an annual overview of trends in the crypto industry, shared through the a16z crypto vantage point of both tracking data and across the countless entrepreneurs and builders we meet. (read)

Craft Ventures: Operating during a downturn

Candid discussion with David Sacks and Jeff Fluhr on public markets, venture capital and historic outcomes of economic downturns. (watch)

Interesting adjacencies

• YC advises founders to ‘plan for the worst’ (link)
• a16z’s Framework for Navigating Down Markets (link)
• Lightspeed on The Upside of a Downturn (link)
• AngelList announces Real-Time Startup Valuation Data (link)
• Rex Woodbury on Influencer Marketing 2.0 (link)

If you'd like to see more of what we’re exploring at Possible Ventures, you can follow us on Twitter.

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