Binance Labs Makes Strategic Investment in Nine Chronicles to Bring Open-Source Blockchain Gaming Mainstream
January 14th, 2022 – Planetarium announced today Binance Labs, the venture capital and innovation incubation arm of Binance, invested in Nine Chronicles, the world’s first open sourced, decentralized role-playing game.
With the newly secured funding, Nine Chronicles plans to expand its team and product suite. Core features like mobile client, guild DAO support, cooperative gameplay, and dual token economy will be added in 2022 and will aim to target new users. Furthermore, as a part of the strategic investment, Nine Chronicles will work closely with the Binance ecosystem, building an asset bridge to the Binance Smart Chain (BSC) and providing exclusive in-game NFT skins to Binance NFT marketplace. Additional collaborations will be explored between Nine Chronicles and the BSC ecosystem while players will join a community of millions of active Binance users around the world.
Nine Chronicles is an online role-playing game without a server, where all its gaming operations run on a blockchain network powered by its players. Open sourced and fully moddable, Nine Chronicles places the power of game development back in the hands of its community.
Chase Guo, Investment Director of Binance Labs, said: “Sharing the same vision of increasing crypto adoption globally, Binance Labs and Nine Chronicles have formed a long-term partnership through the investment. We believe that the team’s deep gaming expertise and the game’s sophisticated graphics will bring them great success in the blockchain gaming space.”
Nine Chronicles network was launched in October 2020, and 2 million NFTs items have been minted so far on its gasless network, while more than 10 million $NCG Tokens have been distributed to players through its play-to-earn economy.
“Since 2018, our team has been dedicated to giving the ownership of online gaming back to the community,” said Kijun Seo and JC Kim, Co-CEO of Planetarium. “We plan to take Nine Chronicles mainstream this year by adding new competitive and collaborative features for players and guilds, launching the game on mobile, upgrading our decentralized network infrastructure, and enabling our passionate community of creators. We believe that we can bring decentralized, open source gaming to the masses through the new partnership with Binance Labs.”
About Binance Labs
Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the larger blockchain ecosystem. Binance Labs is committed to supporting fast-executing teams who positively impact the crypto space. For more information, visit https://labs.binance.com/.
About Nine Chronicles
Nine Chronicles is the world’s first open source, decentralized role-playing game powered by Libplanet engine. The team developing Nine Chronicles, Planetarium, is a blockchain company pioneering the ecosystem for community-powered online games. Planetarium’s technology equips developers with powerful tools to create fully decentralized games that can live perpetually on networks powered by the players. For more information, visit https://nine-chronicles.com.
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