Gaming-focused venture capital firm BITKRAFT has raised $220.6 million for its second “token fund,” with a total goal of $240 million, CoinDesk reported. BITKRAFT launched a similar fund in October 2021 with $75 million in committed capital to invest in blockchain games and digital entertainment. Founded in 2016 by gaming and esports veteran Jens Hilgers, BITKRAFT focuses on investing in Web2, Web3 game studios, gaming platforms and gaming-related technologies. BITKRAFT's asset management scale has increased to approximately US$600 million and it has become a registered investment advisor. The firm’s funds include an esports-focused venture capital fund, a general venture capital fund, and two “token” funds.