🔵Binance Smart Chain and Animoca brand establish $200 million program to fund GameFi projects✔️

According to the official blog post, Binance will be partnering with Hong Kong-based brand Animoca, through a $1 billion Binance smart chain growth program, funding and incubation program for companies. early game startup built on top of the Binance Smart Chain protocol.

Binance and Animoca will each contribute $100 million to the program, allowing the shortlisted game projects to accelerate, and expand their crypto markets in the GameFi domain. According to Yat Siu, co-founder of Animoca Brands, game projects shortlisted through this initiative, will also have the right to receive additional benefits other than funding.

Binance has recently become a hub for increased user activity, after the network underwent a significant network upgrade. The official post also outlines how Binance became one of the top crypto exchanges hosting over 2.1 million active addresses.

✔️ CONCLUSION:

This is not the first time that Binance has actively invested in the fund to promote crypto activities. In October, Binance created a $1 billion fund for BSC to increase adoption of crypto assets globally.

However, the fact that BSC is constantly congested makes it difficult for developers, as well as a number of projects hacked on BSC recently, making people doubt the safety of BSC compared to other networks.

👉 Before many complaints from the community, this sponsorship move is also considered as one of the solutions that BSC is trying to better attract customers.