Binance Labs has invested in the StarSharks metaverse
Binance Labs, the venture capital arm of the crypto exchange Binance, has invested in StarSharks, a game based on blockchain technology. The amount of investment has not yet been disclosed. In November, StarSharks will launch its first game in which players will mate and sell NFT-sharks.
The investment will allow StarSharks to take an important place in the gaming sector of the Binance Smart Chain (BSC) ecosystem. Starshark plans to attract more talented developers who will participate in the creation of a new generation of blockchain games in the future. Last month, Binance launched a fund for the development of BSC.
Star Sharks is a blockchain game created by Timi Studio Group. Priority in the game is given to the interaction of players to form an ideal metaverse. Tokens will be issued to players depending on the activity of the community in the competition.
Also there will be “rent to play” function in the game. Thanks to this function, all users will be able to play, not just those who have the capital to purchase NFT.
Chase Guo, Investment Director of Binance Labs, said that the Star Sharks development team has extensive experience in creating games. After launching the GameFi platform on BSC, StarSharks will be able to make an important contribution to the development of the gaming sector and, therefore, will benefit all users of the BSC ecosystem.
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