Binance Labs, Binance’s venture capital arm, announced today that it had invested in the open-source game Nine Chronicles. This strategic investment will help the company expand its team.
The Nine Chronicles Network was launched in October 2020. It has seen a surge in popularity in the past few months. The company shared details that over 10 million NCG Tokens were distributed to players via its play-to earn economy.
Binance Labs announced their latest investment in just three weeks following the $60 million Multichain round. Binance Labs, a venture capitalist and incubator for innovation, also invested nearly $12 million in WOO Network in the first week of January 2022.
Chase Guo, Binance Labs’ Investment Director, said that the two companies share the same vision to increase crypto adoption worldwide. Binance Labs has partnered with Nine Chronicles for a long-term investment. We are confident that their deep gaming knowledge and game’s sophisticated graphics will make them great in the blockchain gaming industry.