Binance Smart Chain (BSC) and Animoca Brands have officially launched a new program investing heavily in gaming. This $200 million program is meant to be built on blockchain gaming projects according to the companies during a press release on Monday.
BSC’s investment will be through their $1 Billion Growth Fund. Back in October, Binance also committed $1 Billion for BSC. Both Binance Smart Chain and Animoca Brands will be investing $100 million each that’ll focus on projects in the early stages.
Animoca Brands, itself a major name in blockchain gaming as well as the open metaverse, operates subsidiaries including The Sandbox, Blowfish studios, GAMEE, nWay, and numerous others. Its portfolio of blockchain investments and partnerships is a sizable one and is nothing if not impressive.
Binance Smart Chain is an intelligent and sovereign blockchain that delivers Ethereum Virtual Machine, or EVM, compatible programmability. it’s also designed to run alongside Binance Chain, and as a result, retains the former’s swift execution times and low transaction fees.
At the moment, BSC supports and encourages an ecosystem of crypto gaming such as RPGs, strategy-battle arenas, sports, digital entertainment logic, creative, social games, and much more. Most of the said gaming projects have developed NFT marketplaces as well as play-to-earn models using fungible tokens or NFT rewards. The metaverse could very soon feature these projects with their own inbuilt economy.