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Binance Smart Chain and Animoca Brands Launch $200 Mln Fund for GameFi Projects

Anna Martynova

Binance Smart Chain (BSC) and Animoca Brands have jointly launched a $200 mln investment fund to develop early gaming crypto projects based on Binance Smart Chain. BSC and Animonica are announcing a joint investment of approximately $100 mln each to support gaming projects in the GameFi sector.

One of the largest blockchain ecosystems, BSC will invest from its $1 bln accelerator in decentralized finance (DeFi), non-fungible tokens (NFT) and GameFi. The fund was created earlier this year to expand the services of the BSC ecosystem and stimulate massive adoption in the fintech sector.

A number of major cryptocurrency companies and investment firms have invested in GameFi over the past couple of months, including the Huobi crypto exchange, Solana Ventures, FTX, Sanctor Capital and others.

Image: CoinLive

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