BinaryX

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BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games. 



The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are experimenting with blockchain technology.



BinaryX is also offering advisory services alongside the fund to bolster support for projects under the fund. 



The fund will be used to provide resources and all forms of support for games at any stage, including early-stage, and late-stage development. 



BinaryX incubation fund distribution breakdown



The fund distribution comes from the overall BinaryX fund as pictured below:







BinaryX will allocate 8% of its overall funds to the Cyber Incubation Fund, the amount is $12 million at the time of writing. 




“BinaryX is committed to accelerating the adoption of Web3 technologies in gaming. The fund is not limited to supporting blockchain games already in the space, but also traditional developer teams who want to experiment with blockchain in their games or NFTs. We believe in the overall growth and adoption of blockchain within the gaming ecosystem, and we will strive to support any project that is promising to that effect.”
Rudy, Head of Growth at BinaryX, said



Since launching the incubation arm mid-2022, BinaryX has invested in and incubated 2 GameFi projects. Its portfolio includes SHIT games, and Rh!noX NFT collection, with several exciting projects underway. 



BinaryX will accelerate its search and adoption of projects in need of incubation, and offer support across all stages, including early-stage and late-stage development.



With this incubation arm, BinaryX aims to connect projects with BinaryX’s network of resources, advisors and investors to help projects go to launch. The Incubation Fund is open to receive applications and all year round, providing iterative support to any project at any stage of development. 



The news comes amidst already refuted rumors that BinaryX is selling tokens. To reiterate their stance, Rudy said, “We would like to emphasize that there was no foul play from our team. We are entirely focused on our games, and we have been communicating our upcoming plans transparently.”



The team has just arranged a DAO vote to decide on the buyback plan for BNX, and is working to execute it alongside other strategic plans for long-term growth, including the development of their latest game, CyberLand. 



About BinaryX



BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain. 



BinaryX began as a decentralized derivative trading system. The team gradually evolved into developing decentralized video games and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3. 



As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. 



It is also one of the largest metaverse projects by trading volume on the BNB chain. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.



BinaryX whitepaper | About BinaryX deck | Discord | Telegram | Twitter | Website | YouTube
The post BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games appeared first on BeInCrypto.


BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.  The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are experimenting with bl...

beincrypto.com

BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games


November 24, 2022 – Singapore, Singapore


BinaryX has confirmed that it is working on a new free-to-play, play-to-own game, CyberLand – an open world MMO powered by blockchain technology. The team just released the concept video, which gives a first look of the terrains and features of the game.

Free-to-play, play-to-own
CyberLand marks BinaryX’s official transition away from play-to-earn models and is their first-ever play-to-own game in the metaverse. As a play-to-own game, players have a high degree of freedom in resource production.
Players can choose to develop their own assets, construct their own buildings and farm their own products and materials to build their empires. These assets can also be fully traded on the open market.
The team wanted to make a game that is not only visually impressive and entertaining to play but also lets players create value incrementally – so that players can feel a greater sense of ownership and be able to enjoy the game for much longer than the typical Web 3.0 games.
The story of CyberLand 
The player’s journey in the game begins in a pristine open world with rich natural resources. The player must then explore the vast lands to find resources, invent technologies and develop their land to survive and eventually build an empire.
The game is similar to traditional 4X strategy games. Players get to write their own stories and determine their own fate within the game.
Players will face off against dangerous monsters within the lands. The stronger the monsters, the more precious the resources. Players must fend against the threat of monsters while collecting resources.

The four lands of CyberLand
CyberLand currently consists of four terrains – snowfield, plains, desert and swamps. Each type of land has its own unique resources and is guarded by different monsters.
The resources are not known to the player at the beginning of the game, and it is up to the player to search, mine or hunt their own resources.
The name of the game is asset ownership, which means that the player gets to own the land that they purchase as an NFT.
A 100% player-driven, off-chain trading economy 
The game consists of an in-game trading marketplace which is completely off-chain. All transactions of in-game resources can be completed within the game without incurring any gas fees. They can also be transferred to on-chain assets and can be traded on DEXs and CEXs, respectively.
The marketplace is also completely player-driven, which means players can trade their land on the marketplace and determine prices of land and resources by selling the goods they produce from their land in the marketplace.
The game also mimics the actual trading economy in a peer-to-peer marketplace, where the supply and demand of resources being sold on the market directly affect the prices of resources in the marketplace.
CyberLand will use BNX as the main native currency. BNX can be used in the game for buying land or as a reward from player participation in leaderboard competitions.
Upcoming features 
In preparation for the beta release, the BinaryX team is working on developing more cool features for the game, including introducing SocialFi features where players can create, manage and upload monetized content on a shared network while expanding their empire.
The team is also working on an on-chain wallet for seamless cryptocurrency transactions within the game, and designing new playable areas and maps for future DLC releases.
Chun Sim, global head of business operations and development at BinaryX, said,
“CyberLand is our attempt at making Web 3.0 games bigger and better. The industry has built a bad rep for various reasons, but we hope that CyberLand will be the first of many great games on the Web 3.0 ecosystem.
“The team is working hard on the beta version of the game so that players can try it and see for themselves the potential of new free-to-play, play-to-own games. We thank everyone in our community for their support, and we’re here to stay.”
Watch the concept video below.

About BinaryX
BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain.
BinaryX began as a decentralized derivative trading system. The team gradually evolved into developing decentralized video games and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web 2.0 developers to Web 3.0.
As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100,000 coin holders and 17,000 monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than $400 million in market cap.
BinaryX also has a token, BNX, that has consistently demonstrated strong performance despite the bear market.
For more details and information about BinaryX, please visit the website and the links below.
BinaryX whitepaper | About BinaryX deck 
Find us on social media.
BinaryX | Twitter | Discord | Telegram | YouTube | Medium
Contact
Sammi K, communications lead at BinaryX
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post BinaryX Releases Concept Art for World-Building MMO CyberLand appeared first on The Daily Hodl.


November 24, 2022 – Singapore, Singapore BinaryX has confirmed that it is working on a new free-to-play, play-to-own game, CyberLand – an open world MMO powered by blockchain technology. The team just released the concept video, which gives a first look of the terrains and features of the game. F...

dailyhodl.com

BinaryX Releases Concept Art for World-Building MMO CyberLand

[PRESS RELEASE – Singapore, Singapore, 24th November 2022]
BinaryX has confirmed that it is working on a new free-to-play, play-to-own game, CyberLand, an open-world MMO powered by blockchain technology. The team just released the concept video, which gives a first look of the terrains and features of the game.
Free-to-play, Play-to-Own
CyberLand marks BinaryX’s official transition away from play-to-earn models, and is their first-ever play-to-own game in the metaverse. As a play-to-own game, players have a high degree of freedom in resource production. Players can choose to develop their own assets, construct their own buildings and farm their own products and materials to build their empire. These assets can also be fully traded on the open market.
The team wanted to make a game that is not only visually impressive and entertaining to play, but also lets players create value incrementally, so that players can feel a greater sense of ownership and be able to enjoy the game for much longer than the typical Web3 games.
The Story of CyberLand
The player’s journey in the game begins in a pristine open world with rich natural resources. The player must then explore the vast lands to find resources, invent technologies and develop their land to survive, and eventually build an empire. The game is similar to traditional 4X strategy games. Players get to write their own stories and determine their own fate within the game.
Players will face off against dangerous monsters within the lands. The stronger the monsters, the more precious the resources. Players must fend against the threat of monsters while collecting resources.
The Four Lands of CyberLand
CyberLand currently consists of four terrains: snowfield, plains, desert, and swamps. Each type of land has its own unique resources and is guarded by different monsters. The resources are not known to the player at the beginning of the game, and it is up to the player to search, mine or hunt their own resources. The name of the game is asset ownership, which means that the player gets to own the land that they purchase as an NFT.
100% Player Driven, Off-chain Trading Economy
The game consists of an in-game trading marketplace which is completely off-chain. All transactions of in-game resources can be completed within the game without incurring any gas fees. They can also be transferred to on-chain assets and can be traded on DEXes and CEXes respectively.
The marketplace is also completely player-driven, which means players can trade their land on the marketplace, and determine prices of land and resources by selling the goods they produce from their land in the marketplace. The game also mimics the actual trading economy in a peer-to-peer marketplace, where the supply and demand of resources being sold on the market directly affect the prices of resources in the marketplace.
CyberLand will use $BNX as the main native currency. $BNX can be used in the game for buying land, or as a reward from player participation in leaderboard competitions.
Upcoming Features
In preparation for the beta release, the BinaryX team is working on developing more cool features for the game, including introducing SocialFi features where players can create, manage, and upload monetized content on a shared network while expanding their empire.
The team is also working on an on-chain wallet for seamless cryptocurrency transactions within the game, and designing new playable areas and maps for future DLC releases.
“CyberLand is our attempt at making Web3 games bigger and better. The industry has built a bad rep for various reasons, but we hope that CyberLand will be the first of many great games on the Web3 ecosystem. The team is working hard on the beta version of the game so that players can try it and see for themselves the potential of new free-to-play, play-to-own games. We thank everyone in our community for their support and we’re here to stay.” – Chun Sim, Global Head of Business Operations and Development of BinaryX.
Watch the concept video here

About BinaryX
BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain.
BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3.
As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 400 million in market cap. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.
The post BinaryX Releases Concept Art for World Building MMO CyberLand appeared first on CryptoPotato.

[PRESS RELEASE &#8211; Singapore, Singapore, 24th November 2022] BinaryX has confirmed that it is working on a new free-to-play, play-to-own game, CyberLand, an open-world MMO powered by blockchain technology. The team just released the concept video, which gives a first look of the terrains and ...

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