One of the leading crypto projects in Africa known as Gamic Guild has been accepted into the fourth instalment of the Binance Labs incubator program. Binance Labs is the venture capital arm of Binance that assists startups throughout their lifecycle.
As the world’s largest crypto exchange by traded volume, Binance has a vested interest in cryptocurrency projects around the world. Because of this, Binance Labs has been set up to support and help blockchain startups grow and build impactful projects.
Gamic Guild is a decentralized platform with a collection of NFT games allowing users to play and earn across different genres with the aim of revolutionizing gaming in Africa.
Gamic Guild is the leading and most in-demand gaming fraternity in Africa with an ecosystem designed to unite gamers as they benefit from blockchain-powered games.
Gamic Guild has partnered with several games and gamer communities to help achieve its vision for a society where families can earn passive income from gaming. In order to do this, the company is heavily involved in works to lower barriers of entry for Africans into the play-to-earn communities.
Gamic: Introducing Africa’s Largest Play-to-Earn NFT Gaming Guild
According to data from the Blockchain Gaming Alliance (BGA), GameFi (blockchain games that offer economic incentives to players) recorded over 2000% user activity in the last 12 months but in Africa, Play-to-earn games are just not as popular due to an education deficit about them.
Gamic Guild is well-positioned to close this gap in the African GameFi ecosystem thanks to its Play-to-Earn scholarships that enable players to start playing these games without necessarily breaking the bank.
On a shortlist of 14 startups from the global crypto-sectors, Gamic Guild is the only African project to make the cut for the 2022 Binance Labs Incubation program.
Binance Labs will assist Gamic Guild to create massive opportunities using the access to an extensive network of industry leaders to establish a strong market presence and launch market-fit products and services.
Gamic Guild says it can grow, build value and achieve its goals with the help of the unparalleled access to funds, marketing, legal and public relations advice that the Binance incubation program provides.
Over the last three seasons of the program, Binance Labs has incubated multiple market-leading crypto platforms and protocols such as Polygon, Perpetual Protocol, SafePal and Dune Analytics.
The incubator program is a bi-annual event that Binance hopes to use to leverage its market expertise and widespread resources in the blockchain sector to assist startups from their early development stages all through to late-stage venture capital investment pursuits.
Gamic intends to become a major hub for creatives to bring projects to life with a single point of access for investors, experts and talents.