By Nathan Ferguson
According to an announcement, Brinc is joining Animoca Brands to Invest around $30Million in a Play-to-Earn Gaming system and introduce a new guild accelerator program.
Animoca Brands comes together with venture drive firm, Brinc to introduce a new Guild acceleration program and a new worldwide play-to-earn system. This new investment follows a previous funding event that was hosted by Brinc two months back, which raised around $130Million, aimed to expand acceleration programs and was led by Animoca itself.
Investment Details
As per the announcement, both companies will provide a total generous contribution of around $30Million in a time span of two years in the form of multiple incremental payments of around $500,000 for every team that gains successful acceptance into the program. As for acceptance levels, projects that have included focus on sustainability, support player or scholar communities, give importance to proof-of-stake concepts and have reduced physical traces will be given more importance compared to others
Web 3.0 Rise
CEO of Brinc, Manav Gupta commented about the introduction, emphasizing about the importance of Web3, stating that Web3 projects bring a completely unique way for people to earn in the coming time that Web2 and conventional systems might never be able to support.
Manav also said that supporting these guild acceleration programs can bring education, skill learning, agriculture and several other industries to a completely new level, providing the necessary tools and concepts to promote innovation and help people earn in new ways, which traditional systems have restricted.
Crypto Gaming Potential
With the help of this new investment, millions of people around the world will also be able to support and utilize the play-to-earn system crypto gaming system, making an earning for themselves.
On the side of Animoca Brands, they help to support the upbringing of Non-Fungible Tokens, Blockchain Games and Metaverses, while also being a prime support for popular blockchain projects such as, Polygon.
Co-founder of Animoca Brands, Yat Siu stated that the world is entering a new stage of opportunities through the internet and has huge potential to become the future. Siu also said that in-game assets and the metaverse can become a source of income for millions of people globally. This statement is justified by the fact that the crypto-based gaming market has had an exponential growth since the past year as more players join the system.