“With the 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,” said Regina. With properties like The Sandbox, Animoca’s goal is to build the open metaverse, accelerate and incubate early crypto gaming startups building on Binance Smart Chain.
The other $100 million comes from Animoca Brands, the Hong Kong-based company driving digital property rights via NFTs and gaming. Also for networking opportunities to establish growth in the blockchain gaming and open metaverse.”īSC is funding the new $200 million investment program with $100 million from its $1 billion growth fund, the accelerator arm of the leading DeFi, NFT, and GameFi infrastructure platform. “They need support to increase their industry expertise for open-world gameplay. “Early GameFi projects currently require funding for a runway to build their products,” said Siu. “Its large-scale real-life use case makes it one of the core focus areas for crypto’s mass adoption to onboard retail consumers into the Web 3 world.”Īnimoca executive chairman Yat Siu said in a statement that investment program has the potential to take blockchain to the mainstream.īinance Smart Chain (BSC) and Animoca Brands will help early GameFi projects that need funding to develop their products, increase their presence in the decentralized finance gaming sector and grow within the play-to-earn blockchain and open metaverse industry. “Gaming is one of the strong pillars of Web 2.0, reaching billions of users,” said Gwendolyn Regina, investment director at BSC’s Accelerator Fund, in a statement. Ultimately, the goal is to build next-generation scalable blockchains and onboard one billion new users into cryptocurrency.
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