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OKEx Establishes $10M Fund for GameFi Projects
The cash will come from the exchange's $100 million OKEx BlockDream Ventures fund, which invests in blockchain projects.
Yazan Jamie Crawley
Crypto exchange OKEx said it is launching a $10 million fund to help develop GameFi, or “play-to-earn,” projects.
- The cash will come from the exchange's $100 million OKEx BlockDream Ventures fund, which invests in blockchain projects, the company said.
- GameFi introduces financial mechanisms into games, allowing users to make money by playing.
- OKEx will host a hackathon on Aug. 26 dubbed "BUIDL IN METAFORCE," including a demo day aimed at connecting developers with potential investors.
- The winning team in the hackathon will receive $1 million in funding as well as advanced listing and promotion.
- GameFi has demonstrated the potential to be the next blockchain battleground after decentralized finance (DeFi). The most recent demonstration occurred on July 30, when transactions on Binance Smart Chain outstripped Ethereum's thanks in a large part to the BSC-based game CryptoBlades, which boasted more than 621,000 users last month.
Read more: Tron Foundation Launches $300M Fund to Invest in GameFi
Sizin için daha fazlası
The Wall Street investment bank expects a wave of crypto and blockchain public listings over the next two years as institutional investors shift their focus from speculative trading to real-world financial infrastructure.
Bilinmesi gerekenler:
- Jefferies expects a surge of crypto and blockchain-related public listings over the next two years, projecting the sector could become a $1 trillion public market within five years.
- Institutional investors are shifting focus from bitcoin price speculation to the integration of blockchain infrastructure into core financial systems, including tokenized money...
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