world’s largest cryptocurrency stock market Binancecontinues its investments in the crypto sector.
Binance investment arm Binance Labsa free-to-play web3 game project by Binance Labs Ultimate Championsannounced that it has invested in
of the project BNB Binance Labs said that it has made a strategic investment of 4 million dollars in Ultimate Champions.
It was also stated that Ultimate Champions will use the funds raised to further develop their game, establish additional sports partnerships and grow its community.
Yi He, Binance co-founder and president of Binance Labs, said of the Ultimate Champions investment:
“The world of Web3 gaming is expanding, and Binance Labs is looking for Web3 gaming projects with a mission to provide real entertainment to users rather than those focused on providing real entertainment to users.
More opportunities to win.”
Ultimate Champions co-founder Charlie Guillemot said:
“The goal of Ultimate Champions is to bring Web3 sports games to a wider audience in a fun, accessible and free-to-play experience.
We are delighted to renew and expand the Web3 sports gaming ecosystem with Binance Labs.
We also believe that BNB Chain can be a solid platform on which our game can thrive.”
Released in April 2022, Ultimate Champions provides in-game wallets to make it easier to get used to the game. NFT Supports fiat payments for packages and their tokens.
Players can collect, trade and own officially licensed player cards as NFTs.
The platform’s token after Binance Labs announced its Ultimate Champions investment CHAMPexperienced a 20% retracement after rising nearly 100%.
At the time of writing, CHAMP is trading at approximately $0.08.
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