GAMEE Receives Strategic Investment from Binance Labs
Binance Labs, the venture capital arm and incubator of Binance, is pleased to announce the recent strategic investment of US$1.5 million in GAMEE, the play-to-earn mobile gaming platform that is a subsidiary of Animoca Brands.
GAMEE is a high-engagement, play-to-earn mobile gaming platform that rewards players for their skill and effort. Powered by the GMEE token, the currency of purchase and action for GAMEE products, GAMEE aims to introduce the benefits of blockchain to mainstream gamers. GMEE token was originally launched on Ethereum, and bridged to Polygon and Binance Smart Chain.
Arc8 and G-Bots are the newest blockchain gaming experiences that are powered by the GMEE token. Arc8 introduced an esports approach to casual mobile gaming, is played by 300.000 gamers monthly and become one of the top Dapps on the Polygon network. G-Bots are cross-platform NFTs that are upgradeable and breedable, enhancing the Arc8 experience.
The new funding announced today will be used to support the growth of GAMEE's blockchain gaming experiences, drive product development and decentralization, where Arc8 is turning into a blockchain launchpad of play-to-earn.
Bozena Rezab, CEO of GAMEE, commented: “We are very happy to welcome Binance Labs as a strategic investor to advance our growth and assist us in building the future of gaming, based on the true ownership of digital assets.”
Chase Guo, Investment Director at Binance Labs said "GAMEE is a top-tier mobile gaming platform with a deep understanding of play-to-earn mechanisms. We are excited about this partnership to bring blockchain gaming to the next level.”
GAMEE is a high-engagement, play-to-earn mobile gaming platform that rewards players for their skill and effort. GAMEE, a subsidiary of Animoca Brands, was founded in 2015 in the Czech Republic and has 40 million registered users and served over 5.3 billion gameplay sessions. Find out more on www.gamee.com or get updates by following @GAMEEtoken on Twitter.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1®, Disney, WWE, Power Rangers, MotoGP™, and Doraemon. The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, and Lympo. Animoca Brands has a growing portfolio of more than 150 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.
About Binance Labs
Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the larger blockchain ecosystem. Binance Labs is committed to supporting fast-executing teams who positively impact the crypto space.
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