Binance Smart Chain With Animoca Brands Will Fund GameFi Projects

Binance Smart Chain (BSC) in partnership with Animoca Brands will spend $200 million to support and develop early cryptocurrency-focused BSC-based gaming projects.

According to the joint announcement, each of the partners will invest up to $100 million to support gaming projects in the GameFi sector.

BSC Investment Director, Gwendoline Regin, said that through this co-investment, BSC-based projects will gain knowledge and experience from leading gaming giants such as Animoca Brands, as well as opportunities to collaborate with blockchain experts from the BSC community.

GameFi is a mixture of games and DeFi. This sector has recently become one of the trendiest along with the concept of the metaverse. GameFi refers to the funding of video games and operates on a “play to make money” model.

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