GameFi platform BinaryX, which is behind title such as CyberDragon and CyberVhess, has officially launched a new 220,000 BNX Cyber Incubation Fund dedicated to driving the growth and adaptation of Web3 titles.
The fund will be supported by the project team, seed investors, and members of the BNX community and will be utilized to invest in on-chain gaming projects that utilize or are experimenting with blockchain technology.
The company also offers advisory services alongside the fund to bolster support for those projects that come from it. BinaryX says that 8% of it’s total fund will be allocated, which projects to be around $12 million.
“BinaryX is committed to accelerating the adoption of Web3 technologies in gaming” Rudy – BinaryX Head of Growth said in an official release. “The fund is not limited to supporting blockchain games already in the space, but also traditional developer teams who want to experiment with blockchain in their games or NFTs. We believe in the overall growth and adoption of blockchain within the gaming ecosystem, and we will strive to support any project that is promising to that effect.”