BSC, Animoca Brands Launch $200M NFT Gaming Fund

• Binance Smart Chain and Animoca Brands have launched a $200 million blockchain gaming investment program.
• The investment program will focus on incubating GameFi projects on the Binance Smart Chain blockchain.

Binance Smart Chain (BSC) has announced that its partnership with Animoca Brands will ensure the launching of a $200 million blockchain gaming investment program. According to an announcement, this program will focus on incubating GameFi projects on the Binance Smart Chain blockchain.

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Both will appropriate $100 million each for the said endeavor. They will invest in shortlisted blockchain GameFi projects exclusively on the Binance Smart Chain. 

Gwendolyn Regina, Investment Director of Binance Smart Chain, said:

“Gaming is one of the strong pillars of Web 2.0, reaching billions of users. Its large-scale real life use case makes it one of the core focus areas for crypto’s mass adoption to onboard retail consumers into the Web 3.0 world.”

The GameFi space is becoming one of the hottest aspects of the blockchain and crypto industry. In fact, there are many Axie Infinity GameFi alternatives coming this 2022.

In another news, Binance is giving away cryptocurrency gift cards worth $100,000 in total for the holidays.

At the time of writing, Binance has yet to disclose details of the giveaway.

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