Binance Smart Chain and Animoca Brands Form $200 Million Program for Blockchain Gaming Projects
Posted on 12/07/2021
Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible dApps.
Animoca Brands is a firm engage in digital entertainment, blockchain, and gamification that is driving digital property rights via NFTs and gaming to help build the open metaverse. Animoca Brands’ subsidiaries include The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Bondly, Lympo, and various others.
Binance Smart Chain’s $1 billion 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). BSC $1B Growth Program and Animoca Brands are co-investing up to $100 million each, which will be utilized to accelerate shortlisted game projects in the multi-billion dollar crypto niche of GameFi.
In November 2021, Binance formed a US$ 1 billion Blockchain growth fund.