Already active in blockchain gaming investment, the corporates are teaming up to accelerate the monetisation of the sector.
Cayman Islands-registered cryptocurrency exchange Binance’s Smart Chain subsidiary launched a $200m blockchain gaming investment scheme with China-headquartered digital entertainment and blockchain technology developer Animoca Brands yesterday.
Animoca Brands and Binance Smart Chain (BSC), the company’s dual app and digital asset software subsidiary, are each putting $100m into the partnership. They will work together to shortlist and advance gaming finance (GameFi) projects to fruition.
BSC is contributing the capital through the $1bn Growth Programme it launched last month, with the capital…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
