Binance Smart Chain (BSC) has partnered with Animoca Brands to launch a $200 mln investment program to accelerate crypto gaming startups.
Binance Smart Chain (BSC) has partnered with Animoca Brands to launch a $200 mln investment program to accelerate and incubate early crypto gaming startups. The aim is to significantly increase the acceptance of blockchain technology.
Binance Smart Chain is a blockchain platform developed by Binance and its community. Binance Smart Chain will provide advisory services in the areas of product, market fit, and blockchain technology. Same time Animoca Brands will bring additional virtual assets to BSC. The two organizations will also explore innovative approaches and use cases for the tokenization of virtual assets.
Binance has previously acquired 4,012 LAND NFTs in The Sandbox which is an affiliate of Animoca Goods. All is to include the public with events in the Sandbox’s simulated environment through social gaming. The Sandbox has sold its SAND token for 3 million US dollars on its Binance Launchpad.
“Games are one of the strong pillars of Web 2.0 and reach billions of users. The large-scale use case from practice makes integration into the world of Web 3.0 one of the core areas for cryptocurrency – mass adoption in retail, ”said Gwendolyn Regina, Chief Investment Officer, Investment at the BSC Accelerator Fund.
Yat Siu, the chairman and co-founder of Animoca Brands, commented: “We are incredibly excited to partner with the world’s most influential exchange and to deliver our projects on the Binance Smart Chain. We believe that we are on the cusp of a significant shift in the fundamentals of gaming and we deeply appreciate collaborating with partners who share our vision of gamer empowerment by enabling characteristics previously unavailable in games such as play-to-earn and property rights.”
“Animoca Brands is one of the pioneers from the gaming industry that has made meaningful and constructive progress in the crypto space,” said Ling Zhang, VP of M&A at Binance “Through a strategic partnership with Animoca Brands, we aim to bring in more mainstream users by onboarding more high quality gaming applications on Binance Smart Chain as well as innovate the integration between blockchain technology and traditional gaming assets.”