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Entertainment platform and NFT marketplace Decentral Games has secured funding and support from Binance Smart Chain’s $100 million accelerator fund.
While the company hasn’t disclosed the exact amount of the investment, it said it plans to use the financing to expand its NFT marketplace on the Binance Smart Chain. As part of the investment, Decentral’s six existing metaverse venues will also be getting new games and features, the company told Bloomberg.
Samy Karim, the ecosystem coordinator for Binance Smart Chain, said that Binance has set its sights on supporting Decentral Games and helping it flourish in the BSC ecosystem. He noted that Decentral Games have the potential to pave the way for GameFi projects to connect entertainment with cryptocurrencies. Play-to-earn incentive models, such as those Decentral Games’ metaverses employ, have the potential to facilitate mass adoption, he explained in a statement.
The support from Binance Smart Chain’s $100 million accelerator fund follows a series of other investments Decentral Games received in the past several months. Earlier in September, the company received an undisclosed amount of funds from Polygon to boost its play-to-earn games. This week blockchain-based virtual world Decentraland also invested in Decentral Games’ native governance token DG. Other prominent investors include the Digital Currency Group, Hashkey, Collab+Currency, and BACKED VC.