Game, crypto, and Web3 venture capital firm Bitkraft Ventures announced on X platform that its third fund, "Bitkraft Venture Fund III," has raised $275 million. With this fundraising, the venture capital firm's assets under management have exceeded $1 billion. It is reported that the new fund will focus on seed and Series A stage game studios, technology, and platforms. Bitkraft Ventures' previous investment portfolio includes Web3 growth marketing service company Addressable, Web3 game studio Bazooka Tango, blockchain music collaboration protocol development company Baton, and Web3 loot box development company Loot Labs. Web3 game studio Jungle, Web3 loyalty platform Cub3, and Web3 game publisher Carry1st are also included.