ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Sitemap
  • Submit Guest Post
  • Contact Us
Best Crypto Blog Website
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
No Result
View All Result
Wootfi Media
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
No Result
View All Result
Wootfi Media
No Result
View All Result
ADVERTISEMENT

BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games

Global Press Release by Global Press Release
06/04/2024
Share on FacebookShare on Twitter

Singapore, Singapore, 12th December, 2022, Chainwire

BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.

The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are experimenting with blockchain technology. BinaryX is also offering advisory services alongside the fund to bolster support for projects under the fund.

The fund will be used to provide resources and all forms of support for games at any stage, including early-stage, and late-stage development.

BinaryX Incubation Fund Distribution Breakdown

The fund distribution comes from the overall BinaryX fund as pictured below:

BinaryX will allocate 8% of their overall funds to the Cyber Incubation Fund, the amount is $12 million USD at the time of writing.

Rudy, Head of Growth at BinaryX, said:

“BinaryX is committed to accelerating the adoption of Web3 technologies in gaming. 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.”

Since launching the incubation arm mid-2022, BinaryX has invested in and incubated 2 GameFi projects. Its portfolio includes SHIT games, and Rh!noX NFT collection, with several exciting projects underway.

BinaryX will accelerate its search and adoption of projects in need of incubation, and offer support across all stages, including early-stage and late-stage development.

With this incubation arm, BinaryX aims to connect projects with BinaryX’s network of resources, advisors and investors to help projects go to launch. The Incubation Fund is open to receive applications and all year round, providing iterative support to any project at any stage of development.

The news comes amidst already refuted rumours that BinaryX is selling tokens. To reiterate their stance, Rudy said, ‘We would like to emphasize that there was no foul play from our team. We are entirely focused on our games, and we have been communicating our upcoming plans transparently.’ The team has just arranged a DAO vote to decide on the buy back plan for BNX, and are working to execute it alongside other strategic plans for long-term growth, including the development of their latest game, CyberLand.

About BinaryX

BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain.

BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3.

As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.

For more details and information about BinaryX, please visit www.binaryx.pro

BinaryX whitepaper | About BinaryX deck 

Our Socials: Discord, Telegram and Twitter

Check out our games on our website and YouTube

Contact

Communications Lead
Sam K.
BinaryX
marketing@binaryx.pro

Global Press Release

Global Press Release

Next Post
Orbit Bridge Klaytn Handy (OHANDY) Coin Complete Detailed Review

Orbit Bridge Klaytn Handy (OHANDY) Coin Complete Detailed Review

LATEST ARTICLE

How To Track Your NFT Portfolio on Mobile: Explain In Detailed
Guide

How To Track Your NFT Portfolio on Mobile: Explain In Detailed

by Volvo
05/06/2025
0

In this article, I will talk about efficiently and easily tracking your NFT portfolios on mobile. No matter what your...

Read moreDetails
How To Track NFT Portfolio on Any Platform: Step By Step Guide

How To Track NFT Portfolio on Any Platform: Step By Step Guide

05/06/2025
10 Best Mudrex Alternatives In India – Top Crypto Investment Platforms 2025

10 Best Mudrex Alternatives In India – Top Crypto Investment Platforms 2025

30/05/2025
RYO Digital and GRNX Global Partner to Revolutionize Global GrainTrade with Blockchain Innovation

RYO Digital and GRNX Global Partner to Revolutionize Global GrainTrade with Blockchain Innovation

27/05/2025
10 Best Bridging Solution For Multi-Chain Games

10 Best Bridging Solution For Multi-Chain Games

25/05/2025
WOOTFI LOGO

Wootfi Mile Blog

Wootfi.com is a comprehensive review platform that specializes in providing accurate, up-to-date information on the latest developments in the world of cryptocurrencies, forex, DeFi, crypto wallets, and AI. Our team of experienced writers and analysts are passionate about their work and committed to delivering high-quality content to our readers.

Categories

  • Affiliate Program
  • AIRDROPS
  • Artificial intelligence
  • Best Crypto Wallet
  • Bitcoin News
  • Blockchain News
  • Buy Crypto
  • Cardano News
  • CASINO REVIEW
  • CLOUD MINING
  • COINS
  • Crypto News
  • Crypto Press Release
  • DEFI
  • Earning Survey Sites
  • Education Platform
  • Ethereum News
  • Exchange
  • Features
  • Finance
  • Fintech
  • Forex
  • Format Folder
  • Government News
  • Guide
  • ICO
  • Investment
  • Lending
  • News
  • NFT
  • NFT NEWS
  • Press Release
  • Ripple News
  • Uncategorized
  • WALLET
  • Web Hosting
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Sitemap
  • Submit Guest Post
  • Contact Us

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .

No Result
View All Result
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .