Mechanism Capital, a cryptocurrency investment firm, announced a $100 million fund focused on peer-to-peer gaming.

The new fund, which will be named Mechanism Play, will be entirely focused on game investments and work directly with studios to develop new games, the company said. In addition to announcing the new fund, the company also revealed that former Apple App Store games business manager Steve Cho would join the team to co-lead the fund.

Launched in August 2020, the agency initially focused on DeFi before expanding into various sub-sectors of the crypto industry, such as data analytics, cross-chain infrastructure, scalability infrastructure, and NFTs.

It has previously invested $100 million in more than 20 projects, including Star Atlas, Ember Sword, Yield Guild Games, Merit Circle, and more.