Gaming-Focused Crypto Project Layer-2 Surges Over 90% After Announcement of New $80,000,000 Ecosystem Fund

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A gaming-focused Layer 2 crypto project nearly doubled in value on Friday after announcing a new $80 million ecosystem fund.

COMBO (COMBO), formerly known as Cocos-BCX, is a leading provider of scaling solutions for Web3 game development.

The projects native token rose from around $1.00 early Friday morning to a high of $1.92 later in the day, an increase of 92%.

The altcoin has recovered from its Friday high and is trading at $1.77 at the time of writing.

The price spike came shortly after COMBO announced its new fund, which the project says will be an integral part of COMBO’s vision of collaborative global building and industry growth.

The COMBO team has allocated $80 million to the Ecosystem Fund. These funds will be made available to developers building Web3 games on COMBO, a leading gaming-focused Layer 2 channel. In addition to funding, the Ecosystem Fund also provides developers with access to a network of game industry advisors and veterans who can help guide successful applicants through the Web3 game development process.

The project says it’s looking for developers who push the boundaries of what’s possible in Web3 games.

Even after the recent rally, COMBO still remains down more than 67% from its all-time high of $5.44, which it reached in November 2021.

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