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Binance Labs Makes Strategic Investment in Star Sharks to Grow the BSC Ecosystem

2021-11-02

Binance Labs, the venture capital arm and incubator of Binance, today announced its strategic investment in Star Sharks, a community-driven shark metaverse.

Main takeaways

  • Binance Labs announces a strategic investment in Star Sharks, a community-driven shark metaverse

  • Through the strategic investment, Star Sharks will play an important role in expanding the gaming sector in the BSC ecosystem

  • Star Sharks’ very first game, Starsharks.Warriors, is built on the BSC chain and set to launch in November as an NFT-3D mobile game where players will be able to own, synthesize, trade, and compete with their pet sharks for rewards

Binance is pleased to announce that Binance Labs, the venture capital and incubator of Binance, made a strategic investment in Star Sharks, a community-driven shark metaverse where players, developers, and investors can own, mate, trade the underlying shark NFTs within the ecosystem.

Star Sharks is a blockchain game start-up established by a talented team from Timi Studio Group, which has an impressive entrepreneurial track record of making games that attract more than 1 million daily active users within 3 months. Through the 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 Sharsk will be an important contributor to the development of the gaming sector and therefore benefit all users in the BSC ecosystem.”

“At Star Sharks, we are dedicated 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, passionate global community, and Star Sharks wants to achieve that in our Shark metaverse. With Binance Labs’ strategic investment, we believe that we have the support needed to achieve our vision,” said Franky, the CEO of Star Sharks.

Meet Star Sharks: A Community-Driven Shark Metaverse

Star Sharks(SSS) is a community-driven shark metaverse where players, developers, and investors could define the value evolution of underlying NFTs in a sustainable ecosystem. This project aims to cultivate and share the value of content with the community, and to disrupt the current GameFi world where assets are isolated in one game. It enables players to come together to build and govern a new metaverse and create a community culture in the Shark-metaverse. Star Sharks was founded in 2021 by a team with previous star performers from Timi Studio, Google, and Binance.

Star Sharks team will add a radical referral mechanism to their games. Through the referral programs, ancestor users will receive tokens based on the competition activity rewards of the users they have referred. StarSharks will also add an NFT leasing feature in its NFT marketplace for users to ‘rent to play’. This feature will fully activate the liquidity and utilization 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 purchase entry NFTs.

Binance Labs: The Venture Capital Arm and Incubator of Binance

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.

Read the following items for more of the investments that Binance Labs has participated in: