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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.
Автор Jamie Crawley
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Crypto exchange OKEx said it is launching a $10 million fund to help develop GameFi, or “play-to-earn,” projects.
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- 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
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Ether steadies after $540 million sell wave to outperform wider crypto market
Crypto markets remain under pressure despite firmer U.S. equity futures, with ether rebounding toward $2,000 as heavy weekend selling eases as gold leads.
Що варто знати:
- ETH rose 0.43% after trader Garrett Jin moved $540 million to Binance, triggering oversold conditions and a modest rebound.
- HYPE, ZEC and XMR fell over 3%, DOGE is down 10% in 24 hours, and ZRO has slid 34% in five days.
- Gold trades at $5,000, down from January highs but outperforming silver and crypto; U.S. markets are closed for a holiday.
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