Binance, the world’s leading cryptocurrency exchange, is setting up a $200 million investment program for blockchain gaming with Animoca Brands. Both parties will be investing $100 million each to give a helping hand to GameFi projects on the Binance Smart Chain. Binance’s investment of $100 million will be taken from the BSC $1B Growth Program, launched earlier in October 2021.
Investment Director at Binance Smart Chain, Gwendolyn Regina said the following: “With this 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. We look forward to working together with GameFi projects to build next-gen scalable blockchains and onboard the next one billion new users into crypto,”
Who is Animoca Brands?
Animoca Brands is a game software company based in Hong Kong that specializes in blockchain games. The company was founded in 2014 by Yat Siu and David Kim. Their most notable video games include The Sandbox, Revv Racing and Phantom Galaxies. They are also shareholder of over 100 NFT-related gaming companies such as Sky Mavis, Dapper Labs, OpenSea and Alien Worlds.