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Singapore, Singapore, December 12, 2022, Chainwire
Binary X has launched a new 220,000 BNX Cyber Incubation Fund aimed at accelerating the growth and adoption of Web3 games.
Supported by project teams, seed investors, and members of the BNX community, the fund will be used to invest in on-chain gaming projects utilizing or experimenting with blockchain technology. BinaryX also provides advisory services with the fund to better support projects under the fund.
This funding will be used to provide game resources and all forms of support during all stages, including early and late stage development.
BinaryX Incubation Fund Distribution Breakdown
Fund distributions are from the entire BinaryX fund as shown below.
BinaryX will allocate 8% of the total funds to the Cyber Incubation Fund. The amount is $12 million at the time of writing.
BinaryX Head of Growth Rudy said:
BinaryX is committed to accelerating the adoption of Web3 technology in games. The fund not only supports blockchain games that are already in this space, but also wants to experiment with blockchain in games and NFTs. We believe in the holistic growth and adoption of blockchain within the gaming ecosystem, and will strive to support projects where we can see its impact.
Since launching the incubation division in mid-2022, BinaryX has invested in and incubated two GameFi projects. Its portfolio includes SHIT games and the Rh!noX NFT collection, with several exciting projects underway.
BinaryX accelerates the search and adoption of projects in need of incubation and provides support at all stages including early and late stage development.
Through this incubation division, BinaryX aims to connect projects with BinaryX’s network of resources, advisors, and investors to help launch projects. Incubation Funds can receive applications all year round and provide iterative support for any project at any stage of development.
news is on the way Rumors already denied BinaryX is selling tokens. Rudy said, “I would like to emphasize that there was no foul play on our team. We are fully focused on the game and have communicated our plans transparently. The team will decide on a buyback plan for BNX.” We have just arranged a DAO vote for the company and are working to execute it alongside other strategic plans for long-term growth, including the development of our latest game. Cyberland.
BinaryX is the GameFi platform behind the games you play and earn. cyber dragon When cyber chessboth run on the BNB chain.
BinaryX started as a decentralized derivatives trading system. The team has gradually evolved into developing decentralized video games and is now moving towards offering the GameFi platform. IGO service Bridge Web2 developers to Web3.
As one of the top 10 projects on the BNB chain, BinaryX has a vast community of over 100,000 coin holders and 17,000 monthly active wallets. It is also one of the largest Metaverse projects by trading volume on the BNB chain. BinaryX also has the token $BNX, which has shown consistently strong performance despite the bear market.
For more information and information about BinaryX, please visit: www.binaryx.pro
BinaryX Whitepaper | | About the BinaryX Deck
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Communications Lead, Sam K., BinaryX, [emailprotected]
