Binance Patners Animoca Brands: Developers Of Sandbox In $200 Million GameFi Crypto Investment Incubation.
Binance Smart Chain’s $1B Growth Program, the accelerator arm of the leading DeFi, NFT and GameFi infrastructure platform, has launched a $200 million investment program with Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse. The investment program will accelerate and incubate early crypto gaming startups that are building on Binance Smart Chain (BSC).
Animoca Brands is a major name in blockchain gaming and the open metaverse. Its subsidiaries include The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Bondly, Lympo and various others. It has a large portfolio of blockchain investments and partnerships, including investments in over 100 of the most promising NFT-related companies and projects such as Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Bitski, Harmony, Alien Worlds, and Star Atlas.
Establishing these projects from scratch is a difficult thing, according to Executive Chairman and Co-Founder of Animoca Brands Yat Siu, and requires an amalgamation of factors for building a successful project. On this, Siu stated:
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 Brands’ experience in building and operating projects like The Sandbox, a metaverse-based gaming experience, could help these newcomers to establish a foothold in the now crowded blockchain gaming market, according to Gwendolyn Regina, Investment Director at Binance Smart Chain.
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