Animoca launches Guild Accelerator PRogram worth $30 million that is aimed to identify and invest in early-stage guild accepted into the program as we are reading further in today’s latest cryptocurrency news today.
Animoca Brands is the Hong-Kong based game software and venture capital company behind the metaverse game The Sandbox and It announced the launch of the Guild Accelerator PRogram partnering with venture accelerator Brinc. According to the official press release, the new accelerator program will focus on developing an emerging play to earn guild ecosystem across the world and it also announced that the program will offer a total investment capital of $30 million for a period of two years. Animoca is expected to help millions of individuals globally to generate income by taking part in the P2E gaming and gaming guilds.
Animoca launches guild accelerator program that will prioritize projects that commit it to sustainability like supporting and giving back to player communities having low physical footprint and focusing on energy-efficient proof of stake protocols and side chains. Avocado Guild’s Brendan Wong, Saruboti Sasuke, and Howard Xu are all expected to support the Guild Accelerator Program. The co-founder of Animoca Yat Siu noted:
“As the world enters a new era of work and play, the play-to-earn guilds space has enormous potential for growth. The management of digital assets in games and in the open metaverse represents a significant source of income for hundreds of millions of people.”
Animoca announced raising $360 million in new funding round at $5.4 billion and the company also plans to deploy a new round of capital to fund strategic acquisitions and investmetns, product development, and licenses for emerging intellectual properties. Last year we saw a greater interest in blockchain-based games and this trend will continue this year as well. The fusion of NFTs metaverse concepts into gaming managed to attract even more usage and adoption. Play-to-earn with economic incentives is one of the most dominant trends and the sector is experiencing a huge degree of experimentation and restricted gaming busienss models as well. Despite the volatility of the crypto markets, the blockchain-based games continued to remain unfazed. The interest level and popularity of the NFTs and blockchain games among investors are rising since the start of the year even as the sell-off caused panic on the market.
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