BinaryX launches Cyber Incubation Fund

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Updated December 14, 2022 | Published December 14, 2022

2 mins read

BinaryX commits to accelerating the adoption of web3 technologies in gaming.

Decentralized cryptocurrency exchange BinaryX has launched a 220,000 BNX Cyber Incubation Fund to drive the growth and adoption of web3 games.

Supported by the projects team, seed investors and BNX community members, the fund will be used to invest in on-chain gaming projects that utilise or experiment with blockchain technology.

Alongside the fund, advisory services will also be issued by BinaryX to strengthen the support for projects, alongside helping them grow through BinaryX’s network of resources, advisors and investors.

Overall, the Incubation Fund will be used to provide resources and every type of support for games ranging from the early to late development stages and is open to receive applications all year round.

The fund's distribution comes from the overall BinaryX fund. Furthermore, the exchange platform will allocate 8% of its overall funds to the Cyber Incubation Fund amounting to $12m at the time of writing.

BinaryX head of growth Rudy 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.”

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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