Binance Labs Makes Strategic Investment in Star Sharks to Grow Gaming Industry in Binance Smart Chain Ecosystem


SINGAPORE, November 1, 2021 / CNW / – Binance Laboratories, the venture capital branch and incubator of Binance, announced a strategic investment in Star Sharks, a community-driven shark metaverse where players, developers and investors can own, mate, mate, and exchange underlying shark NFTs within the ecosystem.

Star Sharks is a blockchain games start-up created by a talented team at Timi Studio Group, who have an impressive entrepreneurial background in creating games that attract over 1 million daily active users in 3 months. Through this strategic investment, Star Sharks plans to attract more talent to join them in creating the next generation of blockchain games.

Chase guo, Investment Director of Binance Labs, said, “The Star Sharks team has deep gaming expertise and extensive product design experience. After launching their GameFi platform on Binance Smart Chain (BSC), we believe that Star Sharks will be an important contributor to the development of the games industry and therefore benefit all users of the BSC ecosystem. “

Star Sharks’ very first game, Starsharks.Warriors, is built on the BSC and is expected to launch in November 2021. Starsharks.Warriors is an NFT-3D mobile game set in the ocean world. Players will be able to own, mate for higher values ​​of underlying NFTs, trade and compete with their pet sharks for economic returns. Governance token holders will also be able to share up to 80% of the game’s total revenue.

“At Star Sharks, we are committed to ensuring that everyone has fair and equal rights to access decentralized games. We have seen how decentralized games have the potential to build an inclusive and passionate global community, and Star Sharks wants it. achieve in our Shark metaverse. With the strategic investment from Binance Labs, we believe we have the necessary support to realize our vision, ”said Franky, CEO of Star Sharks.

The Star Sharks team will be adding a radical new sponsorship mechanic to their games. Through referral programs, ancestor users will receive tokens based on the rewards for competitive activities of the users they have referred. StarSharks will also add an NFT rental feature to its NFT Marketplace so that users can “rent to play”. This feature will fully activate the liquidity and use of NFT assets, and bridge the gap between NFT holders who don’t have time to play and active players who don’t have enough initial capital to buy NFTs from. ‘Entrance.

SOURCE Binance Labs

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