Animoca Brands and Brinc Launch P2E Fund for Early-Stage Startups
On Monday February 14, the blockchain gaming investment firm, Animoca Brands, revealed it has signed a partnership with venture accelerator firm Brinc. Together, the partners will start a new fund dedicated to the play-to-earn (P2E) ecosystem by injecting $30 million to early-stage startups. Participants in the Guild Accelerator Program (GAP) will have the change to get funded with a maximum of $500,000 to help develop the industry.
According to Animoca Brands, the new GAP will “enable millions of people around the world to generate income by participating in P2E gaming via crypto gaming guilds.”
Animoca Brands and @brinciot launch new US$30M Guild Accelerator Program to build and grow #PlayToEarn (#P2E) guild ecosystem globally.
Read the full article at:
https://t.co/oUn6Ovi976
— Animoca Brands (@animocabrands) February 14, 2022
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The announcement explains that environmentally friendly solutions are a priority:
“Admission to the program is prioritised for guilds with a commitment to sustainability.
This includes projects that support and give back to player/scholar communities, place emphasis on energy-efficient proof-of-stake protocols and side chains, and have lower overall physical footprints.”
The deal also follows $130 million funding round for Brinc, led by Animoca Brands two months ago.
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Source: igaming
