The relationship with Binance and Animoca weaves itself together even more in this small but noticeable deal.
GAMEE Gets Binance Labs Boost
Binance Labs is giving a $1.5 million USD strategic investment push to GAMEE, a high-engagement mobile PlayToEarn GameFi subsidiary of Animoca Brands.
The move from Binance Labs was announced on its official blog on February 7 and confirmed that the funds will increase the gaming experiences, drive product development, and facilitate the decentralization of GAMEE. GAMEE has also received backing from angel investors like Metakovan, OKEX’s Block Dream Fund, Mind Fund, and Genesis Block.
“GAMEE is a top-tier mobile gaming platform with a deep understanding of play-to-earn mechanisms. We are excited about this investment to bring blockchain gaming to the next level,” Chase Guo, Investment Director at Binance Labs, said in the blog.
GAMEE has become a true force in global gaming, attracting more than 40 million users, with over 5.4 billion gameplays. The platform has two new games, Arc8 and G-Bots, both of which are powered by the GMEE Token, and the new funds could potentially help turn Arc8 into a gaming launchpad. Overall, the move brings Binance closer together with Animoca Brands, who also recently received over $200 million in a big GameFi investment.
“We are very happy to welcome Binance Labs as a strategic investor to advance our growth and assist us in building the future of gaming, based on the true ownership of digital assets,” added Bozena Rezab, CEO of GAMEE.
What is Binance Labs?
Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the larger blockchain ecosystem. Binance Labs is committed to supporting fast-executing teams who positively impact the crypto space.
Where to find Binance Labs:
What is GAMEE?
GAMEE is a high-engagement, play-to-earn mobile gaming platform that rewards players for their skill and effort. GAMEE, a subsidiary of Animoca Brands, was founded in 2015 in the Czech Republic and has 40 million registered users and served over 5.3 billion gameplay sessions.
Where to find GAMEE:
Source : bsc.news
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