“A $200 Million Gaming Incubation Fund has been raised by Binance Smart Chain and Animoca Brands for boosting blockchain gaming and entering the race of the Metaverse. The partnership has been conceived in order to combine the experience of BNB in Blockchain Technology and Animoca Brands in NFT based Game building and operations.”
A joint venture has been announced between Animoca Brands and Binance Smart Chain in which $100 Million each will be funded by both the companies for boosting the blockchain gaming technology. Animoca Brands is one of the leading operators and investors in the NFT based gaming technology whereas Binance Smart Chain is one of the leading smart contract based blockchain in the world.
The Executive Chairman and Co-Founder of the Animoca Brand said “Early Gamefi projects require funding to build their products, and need industry expertise for open-world gameplay and tokenomics, as well as networking opportunities to establish growth in the blockchain gaming and open metaverse.”
Animoca has a huge experience in the gaming arena as it is the brand behind building and operating the Sandbox Metaverse which is in high demand these days. With the blockchain expertise of Binance and Gaming expertise of Animoca, the $200 Million incubation fund can go a long way in transforming the gaming industry as we know it.
Recently, all the crypto investors are rushing towards the gaming industry as it is the stepping stone towards the concept of the Metaverse. No company in the crypto space wants to be left behind in the Metaverse race. Binance and Animoca are aware of the business benefits that will be reaped by the very early adopters of the Metaverse as a concept and thus the partnership was conceived.
Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.
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