The fund created by Binance y Animoca will invest investing is when you put money in a financial scheme with the intent of making a gain. in game projects based on Binance Smart Chain.
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The companies Binance yAnimoca Brands launched a USD$200 million fund to invest in gaming projects in the US.Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. built inBinance Smart Chain (BSC)the companies said today in a statement.
Binance will invest through its $1 billion BSC Growth Fund. The two companies will contribute up to USD $100 million each to invest in early-stage projects, according to the statement.
Animoca Brands is an investor in non-fungible tokens and metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. projects; has a majority stake in the metaverse gameThe Sandboxand has invested inAxie Infinityas well as on the trading platform a place to buy, sell and store cryptocurrencyNFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. OpenSea. It was valued at USD $2.2 billion after a $65 million round in October.
“Los juegos son uno de los pilares sólidos de la Web 2.0 y llegan a miles de millones de usuarios. Su caso de uso de la vida real a gran escala lo convierte en una de las áreas de enfoque centrales para la adopción masiva de cripto para incorporar a los consumidores minoristas en el mundo Web 3.0 “, said Gwendolyn Regina, chief investment officer ofBinance Smart Chain.
“With this co-investment, BSC-based projects will have the opportunity to gain knowledge and experience from leading gaming giants like Animoca Brands, along with opportunities to collaborate with Blockchain experts from the BSC community. We look forward to working together with GameFi gameFi, better known as play-to-earn (P2E) games, is a rather new term in the field of both gaming and cryptocurrency industries. It references games that are designed with economic and financial aspects of blockchain and cryptocurrencies, enabling players to exert full control over their in-game assets to generate revenue. projects to build scalable next-generation blockchains and incorporate the next billion new users into crypto”, he added.
Binance Smart Chain
Early October,Binance announced that it planned to invest $1 billion to accelerate the development of its project. Binance Smart Chain, BSC, la alternativa del exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. a Ethereum a decentralized open-source blockchain with smart contracts functionality. , where developers can create applications. According to the information, the BSC update included two mechanisms that would impact the network: burning destroying a certain number of digital coins to reduce their issue. This method is used to fight inflation and increase the value of cryptocurrency. All token burning transactions are recorded in the blockchain as a transaction. Therefore, anyone can verify that the coins were destroyed. the flat fee currently distributed to validators and a manageable burn rate. Proponents of the proposal also claim it could make BSC more decentralized.
Sources: Press Release yCoindesk
