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Binance Smart Chain and Animoca Brands form $200M fund for GameFi projects
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Binance Smart Chain (BSC) and Animoca Brands are launching a $200 million investment program to incubate early cryptocurrency-focused gaming projects building on BSC.
BSC and Animonica announced Dec. 6 that they are co-investing up to $100 million each to support game projects in the GameFi sector.
One of the largest blockchain ecosystems, BSC will be investing from its $1 billion accelerator arm for decentralized finance (DeFi), nonfungible tokens (NFT) and GameFi. The fund was set up earlier this year to extend BSC ecosystem services and drive mainstream adoption across the fintech sector.
Animoca Brands is a major player in blockchain gaming and the open metaverse, working on providing property rights via NFTs and gaming. The firm has
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