Tuesday, January 18, 2022

Nine Chronicles Receives Investment from Binance Labs

- Advertisement -
- Advertisement -
- Advertisement -


Binance Labs, the enterprise capital arm of the digital change, Binance, introduced an funding in open-sourced recreation Nine Chronicles immediately. The strategic funding will assist the corporate within the enlargement of its group.

Launched in October 2020, the Nine Chronicles Network has witnessed a bounce in its recognition throughout the previous few months. According to the main points shared by the corporate, over 10 million NCG Tokens have been distributed to gamers by way of its play-to-earn economic system.

The newest announcement from Binance Labs got here virtually three weeks after the corporate led the $60 million funding spherical of Multichain. The enterprise capital and innovation incubator of Binance additionally invested virtually $12 million in WOO Network throughout the first week of January 2022.

Chase Guo, the Investment Director of Binance Labs, stated: “Sharing the same vision of increasing crypto adoption globally, Binance Labs and Nine Chronicles have formed a long-term partnership through the investment. We believe that the team’s deep gaming expertise and the game’s sophisticated graphics will bring them great success in the blockchain gaming space.”

Crypto and Gaming

During the final 12 months, a number of main gaming firms all over the world have launched crypto tokens to facilitate their communities. With the rising recognition of the Metaverse, open-sourced and decentralized video games are taking the middle stage within the progress of the worldwide crypto and blockchain ecosystem.

“Since 2018, our team has been dedicated to giving the ownership of online gaming back to the community,” stated Kijun Seo and JC Kim, the Co-CEOs of Planetarium. “We plan to take Nine Chronicles mainstream this year by adding new competitive and collaborative features for players and guilds, launching the game on mobile, upgrading our decentralized network infrastructure, and enabling our passionate community of creators. We believe that we can bring decentralized, open-source gaming to the masses through the new partnership with Binance Labs.”

Binance Labs, the enterprise capital arm of the digital change, Binance, introduced an funding in open-sourced recreation Nine Chronicles immediately. The strategic funding will assist the corporate within the enlargement of its group.

Launched in October 2020, the Nine Chronicles Network has witnessed a bounce in its recognition throughout the previous few months. According to the main points shared by the corporate, over 10 million NCG Tokens have been distributed to gamers by way of its play-to-earn economic system.

The newest announcement from Binance Labs got here virtually three weeks after the corporate led the $60 million funding spherical of Multichain. The enterprise capital and innovation incubator of Binance additionally invested virtually $12 million in WOO Network throughout the first week of January 2022.

Chase Guo, the Investment Director of Binance Labs, stated: “Sharing the same vision of increasing crypto adoption globally, Binance Labs and Nine Chronicles have formed a long-term partnership through the investment. We believe that the team’s deep gaming expertise and the game’s sophisticated graphics will bring them great success in the blockchain gaming space.”

Crypto and Gaming

During the final 12 months, a number of main gaming firms all over the world have launched crypto tokens to facilitate their communities. With the rising recognition of the Metaverse, open-sourced and decentralized video games are taking the middle stage within the progress of the worldwide crypto and blockchain ecosystem.

“Since 2018, our team has been dedicated to giving the ownership of online gaming back to the community,” stated Kijun Seo and JC Kim, the Co-CEOs of Planetarium. “We plan to take Nine Chronicles mainstream this year by adding new competitive and collaborative features for players and guilds, launching the game on mobile, upgrading our decentralized network infrastructure, and enabling our passionate community of creators. We believe that we can bring decentralized, open-source gaming to the masses through the new partnership with Binance Labs.”



Source hyperlink

- Advertisement -

More from the blog

Curtis Sword Becomes the First Blockchain-Based Large-Scale 3D ARPG – Press release Bitcoin News

press release PRESS RELEASE. Curtis Sword, a 3D NFT ARPG cellular sport on the blockchain, is happy to announce that it has totally...

UK Government Plans to Tighten Rules on Misleading Crypto Ads

Amid a surge in deceptive crypto adverts promising excessive returns, the federal government of the United Kingdom introduced in the present day that...

Australian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ Crypto-Assets – Regulation Bitcoin News

An Australian regulator has warned residents looking for to self-manage their retirement funds to be cautious of investing in crypto-asset investments that promise...

Bitpay Statistics Show the Use of Bitcoin for Payments Is Dwindling – Bitcoin News

The use of bitcoin as a digital foreign money for funds has gone down considerably, in response to the numbers stemming from Bitpay,...