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Binance Smart Chain, Animoca To Bet USD 200M On Crypto Gaming Startups
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Binance Smart Chain (BSC) has unveiled a USD 200m investment program developed in partnership with Animoca Brands, a company focused on non-fungible token (NFT) and gaming digital property rights - aiming to finance early-stage blockchain-based gaming startups.
BSC is a blockchain network built for running smart contract-based applications, launched by major crypto exchange Binance.
The funds will be allocated as part of the chain’s USD 1bn Growth Program, Animoca Brands said in a statement. BSC and its partner are each allocating up to USD 100m with the aim to accelerate shortlisted game ventures within “the multi-billion dollar crypto niche of GameFi” ('gaming' + 'decentralized finance (DeFi)').
The latest development comes amid
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