Binance Labs Co-Leads $6.6M Seed Funding for Web3 gaming DApp Fusionist

Binance Labs | Fusionist

Binance Labs, the venture capital arm and accelerator of Binance, has co-led a $6.6 million seed funding round for Fusionist, a Web3 gaming company, alongside FunPlus, a Web2 gaming giant, in May 2022. This investment aligns with Binance Lab's commitment to supporting early-stage Web3 gaming projects and fostering a stronger Web3 gaming ecosystem.

Fusionist is introducing a sci-fi game trilogy that combines management simulation, tactical RPG, and strategic 4X genres. The series is set in the 2800s, where Earth has become uninhabitable, and players take on the role of Commanders exploring the universe, searching for habitable homes to ensure humanity's survival across the galaxy.

Fusionist aims to create a scalable Web3 gaming space by offering captivating gameplay, collectible NFTs, and innovative multi-gaming mechanics. Initially, the games will launch on the BNB Chain and later expand to other Layer-1 networks.

“We are thrilled to have Binance Labs on board as a strategic investor and partner. With the support of one of the industry leaders, we can further raise the bar for what Fusionist is able to accomplish in the future,” expressed Fusionist's CEO, Ike T.

Within just five months, Fusionist has grown its community to 800,000 members, successfully launched three NFT series, and commenced beta testing on Steam, a video game distribution platform. Binance Labs anticipates that Fusionist will deliver an exceptional gaming experience while fostering an interactive and engaged user base. The funds raised will be used to accelerate game development and expand the Endurance Mainnet ecosystem introduced in January 2023. Fusionist also plans to attract top-tier gaming and Web3 professionals to enhance their team's capabilities and intensify user growth.

What is Binance Labs:

As the venture capital arm and accelerator of Binance, Binance Labs is on the continued lookout for the next big Web3 innovation. Since 2018, Binance Labs has invested in more than 200 projects from 25 countries. It has also incubated more than 50 projects that are native to Web3 through the Binance Labs Incubation Program, including Polygon, Perpetual Protocol, and Dune Analytics. As of August 2022, Binance Labs is the largest crypto VC in the industry by Asset Under Management (AuM) of $7.5 billion with a Multiple on Invested Capital (MOIC) of 21.0x.

Where to find Binance Labs:

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