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Launchpool Labs has announced the latest project to join its incubation protocol. The new addition is the upcoming playtoearn NFT platform, xG Studios, which seeks to conduct a pre-seed and seed funding campaign, as well as a pre-IDO through Launchpool.
xG Studios is a playtoearn platform that aims to incentivize sports participation at the grassroots. Most sports-based NFT protocols pay so much attention to elite athletes. The choice of which athletes to use for the NFTs of those protocols is largely determined by the pedigree of the athlete, effectively limiting the benefits to a small subset of athletes. xG Studios wants to change the narrative and make the benefits of playtoearn NFTs available to every athlete.
"Launchpool Labs would like to welcome @Studios_xG to our lineup! @studios_xG is building a new Play-to-Earn space for multiple different sports, composable dynamic NFTs, and the xG utility token", Launchpool tweeted on January 19 to announce the collaboration.
Unlike most other protocols where users earn while playing in a virtual environment, xG is a real-life playtoearn protocol. It rewards athletes and players through a system that enables them to earn personalised NFTs and other tokens when they take part in real-life sports. xG Studios presents a different vista to playtoearn NFTs, an idea that seems pretty cool.
xG Studios aspires to develop an NFT ecosystem that will benefit athletes in all sports. Beginning with playtoearn products tailored towards football, the platform plans to eventually diversify into other sports.
Launchpool Labs is the project incubator arm of Launchpool. It is designed to primarily benefit the community and is not specific to any particular blockchain network. It enables the community to co-build with incubated projects and have early access to investment opportunities.
Where to find Launchpool Labs
Website | Twitter | Medium | Telegram | LinkedIn
xG Studios is a playtoearn sports participation NFT platform and marketplace. It uses real-world sports data and dynamic NFTs and aims to build a new playtoearn multi-sports economy where players can earn rewards for taking part in real-life sports.
Where to find xG Studios
The venture capital and innovation incubator arm of the Binance exchange has led yet another funding round in the PlayToEarn domain.
Binance Labs announced on January 21 that it led the $5.5 million seed round for the play-to-earn MMO strategy game, Heroes of Mavia, based in the Mavia fictional world. Mavia is a fantasy-themed island where a gamer can command a base and grow their arms by gathering resources by attacking other players. Other investors that also participated in the seed round are Genblock Capital, Delphi Digital, Mechanism Capital, Alameda Research, Animoca Brands, YGG, YGG SEA, ExNetwork Capital, Double Peak Ventures, Merit Circle, and Hashkey Capital.
“Play-to-earn gaming is always a sector that we are active in. Heroes of Mavia brings many innovations to the sector alongside a fast-growing community. We look forward to seeing more new ideas and improvements from the team,” stated Nicole Zhang, Investment Director of Binance Labs Fund, in the official blog from Binance.
The GameFi project's prospects were reiterated as the motivation for the significant investment by Binance Labs.
“At a time when play-to-earn gaming is exploding in interest globally, we believe Mavia and the team behind it is positioned to be a top AAA-title in the space,” added Bill Chin, Head of Investment at Binance Labs.
In the game, players need to occupy one plot of land by 1 of 3 methods: owning land, renting land, or partnering with a landowner. A plot holds a single base in the game. Additionally, the game uses a dual token model, with MAVIA being the governance token and RUBY as the in-game token currency.
“Our team views Mavia as more than just a game, but as a mini-nation containing its own robust economy and ecosystem that must be balanced correctly. Equally as important to us as producing AAA-quality graphics and engaging gameplay is creating a sustainable tokenomic model that allows a broad range of players to participate and enjoy the game. We are excited to receive the backing of Binance Labs, and with their investment, we have the support we need to carry out our vision for Mavia,” mentioned Tristan Chaudhry, Managing Director of Skrice Studios.
Find more about Mavia here:
Website | Twitter | Youtube | Telegram | Medium | Discord |
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto! Check out the DeFi Direct Linktree for all the access links!
The OpenOcean protocol has integrated the Web3 portal Mask Network in a partnership to boost liquidity for Mask and help bring OpenOcean’s Decentralized Finance (DeFi) to Web2 platforms.
The Mask Network, combined with OpenOcean, gives users an easy way to buy cryptocurrencies without leaving a platform like Twitter. OpenOcean detailed the steps with photos in its Medium announcements blog on January 19.
“In Short: This is a "plugin" to install into your browser that allows you to directly trade without leaving Twitter, users just need to hover over a token cashtag,” Janis Otte, Global Marketing Manager of Openocean Finance, told BSC News.
The move will also bring much needed liquidity to the Match Netwok. OpenOcean is an incredibly comprehensive DeFi and Centrlized Finanze exchange that oversees $66.81 billion in total liquidity across eleven chains and 70 aggregated sources. The platform hosts over 390,000 total users who will be the first to access this unique tool.
“[This integration] is going make the Mask Network extension more efficient, thanks to the liquidity of OpenOcean,” added Otte. “With our liquidity, the trading rates will be more efficient for Mask users.”
OpenOcean also recently integrated the CoinBase Wallet onto its platform, bringing massive centralized exchange access to the platform.
Mask Network aims to bridge the Web 2.0 users to Web 3.0. By bringing the amazing decentralized application ecosystem onto traditional social networks, the Mask extension provides a decentralized option for features that Web 2.0 users are familiar with. Users could enjoy secure, decentralized social messaging, payment networks, file storage, and file sharing without leaving the mainstream social media networks. Hence, users could get a glimpse of the magic of the Web 3.0 world in an easy and effortless way. We, Mask Network, are strong believers in the ownership economy: People should own what they produce — their assets, their personal data, and the virtual space they choose to contribute to.
Where to find Mask Network:
Website | Twitter | Discord | Telegram |
OpenOcean is the world’s first DeFi and CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best rates for traders across centralized and decentralized exchanges with no additional fees. As a one-stop trading entrance, we have aggregated major DEXes across major public chains, including Ethereum and Layer 2, Arbitrum, Boba, Binance Smart Chain, Avalanche, Fantom, Polygon, Solana, Terra, Gnosis (formerly xDai), HECO, OEC, TRON, Ontology, and a CEX (Binance). OpenOcean will continue to launch cross-chain solution, intelligent wealth management, and aggregate more DeFi and CeFi products such as derivatives.
Where to find OpenOcean:
Website | Twitter | Telegram | Telegram Ann | Discord | Github
xG Studios seeks to build an NFT system where people earn rewards while playing real-life sports.
Launchpool Labs has announced the latest project to join its incubation protocol. The new addition is the upcoming playtoearn NFT platform, xG Studios, which seeks to conduct a pre-seed and seed funding campaign, as well as a pre-IDO through Launchpool.
xG Studios is a playtoearn platform that aims to incentivize sports participation at the grassroots. Most sports-based NFT protocols pay so much attention to elite athletes. The choice of which athletes to use for the NFTs of those protocols is largely determined by the pedigree of the athlete, effectively limiting the benefits to a small subset of athletes. xG Studios wants to change the narrative and make the benefits of playtoearn NFTs available to every athlete.
"Launchpool Labs would like to welcome @Studios_xG to our lineup! @studios_xG is building a new Play-to-Earn space for multiple different sports, composable dynamic NFTs, and the xG utility token", Launchpool tweeted on January 19 to announce the collaboration.
Unlike most other protocols where users earn while playing in a virtual environment, xG is a real-life playtoearn protocol. It rewards athletes and players through a system that enables them to earn personalised NFTs and other tokens when they take part in real-life sports. xG Studios presents a different vista to playtoearn NFTs, an idea that seems pretty cool.
xG Studios aspires to develop an NFT ecosystem that will benefit athletes in all sports. Beginning with playtoearn products tailored towards football, the platform plans to eventually diversify into other sports.
Launchpool Labs is the project incubator arm of Launchpool. It is designed to primarily benefit the community and is not specific to any particular blockchain network. It enables the community to co-build with incubated projects and have early access to investment opportunities.
Where to find Launchpool Labs
Website | Twitter | Medium | Telegram | LinkedIn
xG Studios is a playtoearn sports participation NFT platform and marketplace. It uses real-world sports data and dynamic NFTs and aims to build a new playtoearn multi-sports economy where players can earn rewards for taking part in real-life sports.
Where to find xG Studios
