Binance Labs, the venture capital arm of Binance, the world's largest cryptocurrency exchange by trading volume, partnered with Web2 gaming giant FunPlus in a $6.6 million seed funding round for Fusionist, a Web3 gaming company, in May 2022.
The investment in question was announced to the public by Binance today and was introduced with the following words:
“This move is in line with Binance Lab's commitment to supporting early-stage Web3 gaming projects and fostering a more robust Web3 gaming ecosystem.”
Fusionist introduced a trilogy of sci-fi games that connected the management simulation, tactical RPG, and strategic 4X genres. Set in the 2800s, in a world where Earth has become largely uninhabitable, the game series invites players to take on the roles of Commanders as they set out to explore the universe, find habitable homes and spread humanity across the galaxy.
Games will initially launch on BNB Chain before expanding to other Layer-1 networks.
Ike T, CEO of Fusionist, said:
“We are thrilled to have Binance Labs join us as a strategic investor and partner. With the support of one of the industry leaders, we can raise the bar even higher for what Fusionist can achieve in the future.”
According to the official blog post shared by Binance, “Fusionist successfully launched its three NFT series and existing Beta testing on video game distribution platform Steam, quickly growing its community to 800,000 members in five months. Binance Labs believes Fusionist is working to deliver an exceptional gaming experience while fostering an engaged and connected user base.”
*Not investment advice.
