BSC – Binance Smart Chain and Animoca Brands are collectively launching a $200 million investment fund. Of course, this is to grow early cryptocurrency gaming projects building on Binance Smart Chain.
Furthermore, BSC and Animonica announces co-investing about $100 million each to support game projects in the GameFi sector.
More so, One of the largest blockchain ecosystems, BSC will be investing from its $1 billion accelerator arm. Particularly, This is for decentralized finance (DeFi), nonfungible tokens (NFT) and GameFi. Also, The fund is in place earlier this year inorder extend BSC ecosystem services. Then, take mainstream adoption across the fintech sector farther.
Additionally, Animoca Brands is a also major player in blockchain gaming and the open metaverse. More so, it focuses on getting property rights through NFTs and gaming. Notably, The firm has investment in major NFT projects like Axie Infinity, OpenSea, Bitski, Harmony and others.
Furthermore, BSC investment director Gwendolyn Regina explains
“With this co-investment, projects building on BSC will get the opportunity to gain insights…”
“and expertise from leading gaming giants such as Animoca Brands, along with collaboration…”
“opportunities with blockchain experts from the BSC Community,”
Additionally, GameFi, a mix of gaming and DeFi, is currently one of the biggest words in the industry together with metaverse. GameFi looks at the financialization of video gaming under a play-to-earn model instead of play-to-win.
Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…>>
Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors
