You are here
Home > Blockchain > Binance Labs Makes $1.5M Strategic Investment in GAMEE

Binance Labs Makes $1.5M Strategic Investment in GAMEE

Binance Labs, the venture capital arm and incubator of Binance has announced a recent strategic investment of US$1.5 million in GAMEE, the play and earn mobile gaming platform subsidiary of Animoca Brands. The injection of funds by Binance into this project will be used to support the growth of GAMEE’s blockchain gaming experiences and drive product development and decentralization. Over time, 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, technical teams who positively impact the crypto space and build the decentralized web.

Why Gamee Stands Out

A key feature about GAMEE is how it keeps on paving the path for mass audiences to jump into blockchain with its engaging gaming products and accessible user experience. Bozena Rezab, CEO of GAMEE, commented:

 “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.”

Chase Guo, Investment Director at Binance Labs said “GAMEE is a top-tier mobile gaming platform with a deep understanding of play-to-earn mechanisms. We are excited about this partnership to bring blockchain gaming to the next level.” This announcement will allow the company to grow and develop its roadmap at a higher speed as the play and earn space keeps being built in the metaverse. Going further, this is big news for both Arc8 and G-Bots, the blockchain gaming experience powered by the GMEE token. Arc8 is set to become the arcade of the blockchain, already counting over 300,000 monthly gamers as one of the top Dapps on the Polygon network. G-Bots are upgradeable and breedable cross-platform NFTs, currently included in the Arc8 platform with exclusive token tournaments for G-Bot owners. 

Sneak Peek on  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. Powered by the GMEE token, the currency of purchase and action for GAMEE products, GAMEE aims to introduce the benefits of blockchain to mainstream gamers. The GMEE token was originally launched on Ethereum and bridged to Polygon and Binance Smart Chain.

Sneak Peek on Animoca BrandsAnimoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1®, Disney, WWE, Power Rangers, MotoGP™, and Doraemon. The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, and Lympo. Animoca Brands has a growing portfolio of more than 150 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others.

Related Article  How Are Musicians Making Use of the NFTs Today?

Leave a Reply

Top