BinaryX Launches a Cyber Incubation Fund to Bolster Blockchain Games

Singapore, Singapore, 12th December, 2022, Chainwire

BinaryX has launched an impressive Cyber Incubation Fund totaling 220,000 BNX, focused on propelling the advancement and mainstream acceptance of Web3 games. 

The fund, backed by the project team, early-stage investors, and the BNX community, will channel investments into gaming projects that are either utilizing or innovating with blockchain technology. Additionally, BinaryX will provide advisory services to enhance support for these funded projects. 

The fund is committed to supplying essential resources and assistance for games at various stages of development, whether they are just starting out or further along in the process. 

Overview of BinaryX Incubation Fund Distribution

The distribution of funds is part of the broader BinaryX fund, which is illustrated below:

BinaryX is allocating 8% of its total fund, equating to approximately $12 million USD, specifically for the Cyber Incubation Fund at the present moment. 

Rudy, Head of Growth at BinaryX, said: 

“At BinaryX, we are dedicated to fostering the integration of Web3 technologies within gaming. The scope of this fund extends beyond merely supporting blockchain games that are currently existing in the industry; it also welcomes traditional development teams eager to explore the integration of blockchain within their gaming frameworks or NFT endeavors. We are optimistic about the overall expansion and integration of blockchain into the games industry, and we are prepared to support any initiatives that show potential in this realm.” gaming ecosystem Since its inception of the incubation initiative in mid-2022, BinaryX has invested in and nurtured two GameFi projects. Its current portfolio includes titles like SHIT games and Rh!noX

, alongside several promising projects that are in the works.  NFT collection BinaryX is set to enhance its efforts in sourcing and integrating

for incubation purposes, providing comprehensive support during all phases of development, including both initial and advanced stages. projects in need Through this incubation branch, BinaryX aims to link projects with its expansive resources, advisors, and investor network to facilitate successful launches. The Incubation Fund is open year-round for applications, ready to provide ongoing support to any project, regardless of its developmental stage. 

In response to queries about possible token sales, Rudy stated, ‘We want to stress that there has been no misconduct from our team. Our primary focus is on our games, and we have been openly sharing our future plans with our community.’ The team has also organized a DAO vote concerning a buyback strategy for BNX and is actively planning other strategic initiatives aimed at sustainable growth, including the creation of their newest game,

The news comes amidst already refuted rumours BinaryX is a pivotal GameFi platform offering play-to-earn gameplay. CyberLand . 

About BinaryX

Initially, BinaryX served as a decentralized derivative trading platform. Over time, the team has pivoted towards the development of decentralized video games and is now evolving into a comprehensive GameFi platform that offers CyberDragon and CyberChess , both of which run on the BNB chain. 

, BinaryX boasts a thriving community with over 100,000 coin holders and 17,000 active wallets monthly. It stands out as one of the top metaverse projects in terms of trading volume on the BNB chain. Additionally, BinaryX has a token, $BNX, which has shown consistent robust performance amid market fluctuations. IGO services to bridge Web2 developers to Web3. 

As one of the top 10 projects on the BNB Chain For further insights and in-depth information about BinaryX, please visit bear market .

, it should be noted that the content on this page is not designed to serve as, and should not be viewed as, legal, tax, investment, or any form of financial advice. It is crucial to invest only what you can afford to lose and to seek independent financial counsel if any uncertainties arise. For more information, we recommend checking the terms and conditions as well as the help and support sections provided by the issuer or advertiser. MetaversePost is committed to delivering accurate and impartial news, but market circumstances can change without prior notice. www.binaryx.pro  

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