BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games

BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games
фото показано с : coinspeaker.com

2022-12-14 17:20

Coinspeaker
BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games

BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.

The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are experimenting with blockchain technology. BinaryX is also offering advisory services alongside the fund to bolster support for projects under the fund.

The fund will be used to provide resources and all forms of support for games at any stage, including early-stage, and late-stage development.

BinaryX Incubation Fund Distribution Breakdown

The fund distribution comes from the overall BinaryX fund as pictured below:

BinaryX will allocate 8% of their overall funds to the Cyber Incubation Fund, the amount is $12 million USD at the time of writing.

Rudy, Head of Growth at BinaryX, said:

“BinaryX is committed to accelerating the adoption of Web3 technologies in gaming. The fund is not limited to supporting blockchain games already in the space, but also traditional developer teams who want to experiment with blockchain in their games or NFTs. We believe in the overall growth and adoption of blockchain within the gaming ecosystem, and we will strive to support any project that is promising to that effect.”

Since launching the incubation arm mid-2022, BinaryX has invested in and incubated 2 GameFi projects. Its portfolio includes SHIT games, and Rh!noX NFT collection, with several exciting projects underway.

BinaryX will accelerate its search and adoption of projects in need of incubation, and offer support across all stages, including early-stage and late-stage development.

With this incubation arm, BinaryX aims to connect projects with BinaryX’s network of resources, advisors and investors to help projects go to launch. The Incubation Fund is open to receive applications and all year round, providing iterative support to any project at any stage of development.

The news comes amidst already refuted rumours that BinaryX is selling tokens. To reiterate their stance, Rudy said, ‘We would like to emphasize that there was no foul play from our team. We are entirely focused on our games, and we have been communicating our upcoming plans transparently.’ The team has just arranged a DAO vote to decide on the buy back plan for BNX, and are working to execute it alongside other strategic plans for long-term growth, including the development of their latest game, CyberLand.

About BinaryX

BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain.

BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3.

As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.

BinaryX whitepaper | About BinaryX deck 

Our Socials: Discord, Telegram and Twitter

Check out our games on our website and YouTube

BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Smart Investment Fund Token (SIFT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SIFT

fund games incubation cyber binaryx support blockchain

fund games → Результатов: 49


Фото:

BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games

Singapore, Singapore, 12th December, 2022, Chainwire BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.  The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are experimenting with […] The post BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games appeared first on CaptainAltcoin.

2022-12-13 13:10


Фото:

Tron Foundation Launches $300 Million Fund To Invest And Incubate GameFi Projects

Tron Foundation has invested $300 million into the Tron Arcade fund to promote the development of GameFi games that let players earn crypto while playing. The fund is invested in partnership with APENFT and WINKLINK and will support the development and utilization of these projects in the next three years. However, in addition to boosting […]

2021-8-11 00:34


Фото:

Forte Blockchain Gaming Fund Inks Deal with Netmarble, HiRez Studios, Others

Forte, a Ripple-backed blockchain platform for the gaming ecosystem, has joined forces with five leading game studios including Netmarble, Hi-Rez Studios, Magmic, nWay, and DECA Games. The alliance will enable these game developers to integrate Forte’s blockchain solution into their games and unlock new economic and creative opportunities for themselves as well as their players,Read MoreRead More.

2020-3-26 23:00


Фото:

Reddit Co-Founder Ohanian Leads Seed Round for Blockchain Gaming Startup Horizon

According to a post published July 17, 2019 on BusinessWire, the video game studio and blockchain infrastructure company Horizon Blockchain Games (Horizon) raised $3. 75 million in a seed round, led by Reddit co-founder Alexis Ohanian’s venture fund, Initialized, with participation from Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital.

2019-7-18 19:00


Фото:

Lucid Sight Blockchain Gaming Platform Raises $6M from Notable Investors

In a bid to expand its distributed ledger technology (DLT) powered MLB Champions and Crypto Space Commander games and make them available on traditional platforms, Lucid Sight, the developer of innovative games for blockchain technologies, has raised $6 million from several investors, including Digital Currency Group, Galaxy EOS VC Fund and others, reports VentureBeat onRead MoreRead More.

2019-4-4 01:00