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Binance Smart Chain (BSC), Animoca Brands And NFT Game Company, Have Teamed Up To Form A $200 Million Fund

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Binance Smart Chain (BSC), Animoca Brands and non-fungible token (NFT) game company, have teamed up to form a $200 million fund. According to a Monday release, it would focus on early-stage funding for blockchain gaming firms.

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Both firms will contribute $100 million to the investment programme, which will focus on short-listed developers who are developing blockchain-based games on the BSC network. The investment comes from BSC’s $1 billion Growth Program, which was announced in October.

Under the burgeoning “GameFi” label, Monday’s announcement is simply another evidence of the growing interest in blockchain games and NFTs. Animoca Brands has been a constant presence in the field, having participated in a number of recent blockchain gaming startup fundraises.

Animoca participated in multimillion-dollar investment rounds for Upland, Roll, Avocado Guild, and The Sandbox in November alone.