Gamefi projects have become one of the hottest narratives in the crypto markets. From solid projects like Axie Infinity to projects that became extremely popular but died off quickly such as Cryptomines and PVU, big brands like BSC and Animoca know there’s a lot of money to be made.
Today, we are going to talk about the $200M investment from BSC and Animoca to develop Gamefi projects, how it’s going to impact the industry and why you should be on board with them. If you want to grow your portfolio to new ATHs, then come with us to learn.
Why Gamefi for crypto investors?
Even though most people limit themselves to solely trading and holding, cryptocurrencies bring you many additional ways to make money. So, if you want to take a rest from trading BTC options at Bitlevex or want to invest a percentage of your holding profits into a hot narrative, then this guide is for you.
You can earn an additional income by actually playing the games, buying their NFTs, buying virtual and real estate, and of course, buying their native tokens at a cheap price to sell them much higher. Now, let’s dive into the details.
Why is BSC and Animoca Brands investing $200M to develop Gamefi projects?
According to Binance and Animoca Brands, Gamefi is one of the fastest-growing crypto sectors. It has not only obtained attention, but also adoption and real uses. By combining the best of gaming and DeFi, these projects have taken onboard millions of users. In fact, people from countries like The Philippines, have been quitting their jobs to play Axie Infinity full time.
People simply love Gamefi because they see it as a way to make money while having fun. So, that’s why BSC and Animoca Brands are actually investing $200M to support projects on the BSC… let’s talk more about it.
Supporting Gamefi projects on the Binance Smart Chain
Binance and Animoca Brands are going to set up $100M each to help Gamefi projects on the Binance Smart Chain. This way, they will help to develop better products that include better gaming features, advanced tokenomics, marketing, etc.
Binance is investing the funds from their $1B accelerator program, specially designed for crypto projects in the following sectors:
GameFi actually combines different narratives. For example, Axie Infinity incorporates gaming, DeFi, NFTs and soon will also include virtual lands – making it a real player in the metaverse.
Perhaps, this is what Binance is aiming for: scoring another unicorn like Axie Infinity. This way, they will be able to have just another successful project under their belt, and as the Gamefi narrative is so hot and profitable, they’re set to make plenty of money.
Synergy at its best
Binance will put their best blockchain experts at the disposal of the projects, while Animoca Brands will bring their unique gaming insights and expertise to the equation. This is exactly what this partnership and investment is all about: obtaining the perfect synergy to launch successful Gamefi projects.
Binance has proven to be successful in the past. For example, they support the DeFi project known as $CAKE – which offers an incredible APY of 77%, and it’s been stable and solid for the last months. One of the few unique solid projects in this crypto sector.
On the other hand, Animoca Brands is one of the giants in the gaming industry. Currently, they’re popular for bringing property rights to gamers via the use of NFTs. Investors have so much faith on Animoca that they raised US$88,888,888 in May 2021, based solely on a $1B valuation.
Therefore, this synergy is going to prove successful in the future. They’re actively working to help those Gamefi projects with huge potential. So, let’s see what they bring in the next few months or years.
BSC and Animoca are not alone
Even though Binance and Animoca are amongst the biggest investors in the Gamefi sector, they’re not alone. The following institutions and companies are also interested in helping new Gamefi projects, built on their respective chains:
- Solana Ventures
- Sanctor Capital
As you can see, the potential in this crypto sector is incredible, and hence, we are set to see similar partnerships in the future. For example, Solana Ventures, FTX, and Lightspeed have started a $100M GameFi fund, which they’re going to use to support new projects.
The future is incredible for Gamefi, and the big players already know it. So, the best you can do is to gain exposure to this sector – because these projects will help your portfolio to grow. So, start researching new Gamefi projects, get early and sell your tokens at a much higher price for a sweet ROI.