To support the worldwide play-to-earn guild ecosystem, Animoca Brands and Brinc have created a new $30 million Guild Accelerator Program. Each guild approved into the program will get up to $500,000 in investment from the corporations.
Highlights from the Press Release
On February 14th, 2022, Animoca Brands and Brinc announced their plan to release the funds in a press release.
The newly combined efforts in creating the Guild Accelerator Program, a fundraising project aimed at new Guilds to assist the expansion of the P2E gaming environment, were announced in it.
After investing in Yield Guild Games and Avocado Guild, the brands are certain that P2E will continue to develop in 2021. With 3.2 billion gamers worldwide, gaming is the most popular sector on the planet, with Asia accounting for 45 percent of the P2E market.
Guilds that are committed to sustainability are given priority in admission to the program. Projects that promote and give back to player/scholar communities, emphasize energy-efficient proof-of-stake procedures and side chains, and have smaller environmental footprints will be preferred.
Online applications will be accepted until February 27, 2022 with the first cohort starting in May. You can find more information about the program and how to apply on brinc.io/guild.
Animoca Brands and Brinc have committed to assisting dozens of guilds. To optimize 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.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner and a pioneer in digital entertainment, blockchain, and gamification, is listed in the Financial Times list of High Growth Companies Asia-Pacific 2021.
It creates and distributes a diverse range of products, including the REVV and SAND tokens; unique games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes; and items based on prominent intellectual properties such as Formula One®, Disney, WWE, Power Rangers, MotoGPTM, 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.
Brinc, based in Hong Kong, is a worldwide pioneer in venture acceleration, with 18 diverse accelerator programs spread across seven countries. Brinc supports entrepreneurs in the Internet of Things (IoT), blockchain, artificial intelligence, linked hardware, drones, robots, sustainable energy, and food technology, all while adhering to a sustainability mandate.
Brinc has over 200 firms in its portfolio, including founders from over 35 countries. Brinc also provides investment services, distributed innovation techniques, new startup and technology sourcing, and venture-building Web 3.0-enabled enterprises to corporations.
In 2021, Brinc launched a series of venture funds to invest in high-potential early-stage companies through accelerators and provide LPs with a dedicated innovation platform and access to Series A+ co-investment opportunities.