Hedge Fund Pantera Capital Announces Strategic Collaboration with an Unexpected Altcoin

According to the shared official blog post, Meric Circle (MC) announced a strategic collaboration with cryptocurrency-focused investment fund Pantera Capital.

Under the partnership, Pantera Capital will own Merit Circle’s BEAM altcoin and support the company with recruiting, connecting with existing and future games, and promoting its Decentralized Autonomous Organization (DAO) and gaming ecosystem Beam.

Pantera Capital Portfolio Manager Cosmo Jiang expressed his excitement about the collaboration and said:

“We believe that games, which are increasingly becoming the primary means of social communication, can be an important catalyst for engaging the next generation of users in the blockchain system. “We are excited to support the Beam protocol on the next leg of its journey as it leverages digital asset ownership to redefine the gaming experience.”

BEAM price increased by approximately 10% during the day.

According to the developers in the official blog post, Merit Circle has made significant strides in the gaming industry since its establishment in 2021. Beam, a product of Merit Circle, is a network that aims to adapt blockchain technology to the gaming industry. Merit Circle is currently in the process of migrating its MC tokens to BEAM.

*This is not investment advice.

Source