Animoca Brands, a blockchain company, announced that it has partnered up with Brinc Venture Accelerator Program to start a Play-to-Earn (P2E), Guild Accelerator Program. The two firms intend to invest $30 million each over the next year in startups at early stages that will help expand the P2E global ecosystem.
Brinc and Animoca Brands Launch a P2E fund for early-stage startups
On February 14, Animoca Brands announced its partnership with Brinc, a venture accelerator. They have created a $30 million fund that will support play-to-earn startups. Participants in the Guild Accelerator Program (GAP) will get “$500,000 or less” to help bolster the industry.
Animoca Brands says the GAP aims to “enable millions of people around the world to generate income by participating in P2E gaming via crypto gaming guilds.” The deal also follows Brinc’s recent funding round two months ago for $130 million, which was led by Animoca Brands. “Admission to the program is prioritised for guilds with a commitment to sustainability,” the announcement on Monday details.
In the announcement, it is also noted that eco-friendly solutions are important. Animoca Brands’ fund announcement states:
It includes programs that give back and support player/scholar communities. They place an emphasis on energy-efficient proof of stake protocols and side chain, as well as projects with lower physical footprints.
A $30 million Guild Accelerator Program that can fund up to 500K Guilds
The Guild Accelerator Program is also a follower of Animoca Brands raising $358 millionMid-January: To enhance Web3 or the metaverse industry. Avocado Guild is a P2E gaming guild. Raised $18 MillionFrom Animoca Brands. Additionally, the company’s subsidiary, The Sandbox blockchain metaverse game, PartnerUbisoft is a gaming giant. The two revealed voxelized Rabbids characters.
The partnership announcement between Brinc and Animoca Brands further explains that the GAP funding will be led by Richard Robinson, an entrepreneur-in-residence at Animoca Brands.
“The Guild Accelerator Program will fund up to US$500,000 per guild — To optimise each guild’s performance and help scale growth, the program will foster innovation, set up management and operational systems, share best-in-class learnings from world-class mentors, expand each platform’s user base and assets, and help raise funds beyond the startup phase,” Animoca Brands’ GAP funding announcement concludes.
Let us know what you think of the collaboration between Brinc, Animoca Brands & the recently launched Guild Accelerator Program. Comment below and let us know how you feel about the subject.
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