Binance Labs invests in Gaming DAO Merit Circle

Binance Lads has invested in Merit Circle, a decentralized organization (DAO) that develops in-game opportunities to money for people who want to build metaverses.  Bill Qian, Head of Binance Labs, said, “We consider Merit Circle to be a high-potential DAO with a deep understanding of the play mechanisms for making money and the gaming industry. That’s why Binance Labs invested in MC last November and will continue to work closely and continue to build a gaming ecosystem together on the BNB Chain.” Binance Labs is now a contributor to Merit Circle DAO along with industry players such as DeFiance Capital, Mechanism Capital, Spartan Group, DCG, Maven11, OP Crypto, Dialectic, CitizenX, Yield Guild Games and Bitscale Capital. The goal is to support Merit Circle in its efforts wherever possible in and out of the Binance and BNB Chain ecosystems. After the liquidity balancer startup team broke their record on Copper Launch – raising $105,576,956 – Merit Circle immediately stood out from the crowd, surpassing names like Uniswap. Marco van den Heuvel, co-founder and CEO at Merit Circle , said: “Merit Circle is more than just a gaming association. It’s a playground and money-making DAO game that focuses on shaping and building the future of metaverse. We invest in promising games, play them with our community, educate people and build our own products. All the value accumulated from our work will go back to the DAO Circle of Merit. We have a unique position in this industry and are excited to welcome Binance Labs among our key partners.” Merit Circle aims to become the first vertically integrated Gaming DAO. It will continue to focus on the gaming industry by attracting more top gamers, launching NFT and metaverse funds, and launching their own creative projects such as Edenhorde. At the same time, Binance Labs and BNB Chain will support Merit Circle’s mission to take blockchain gaming to the next level.

>> See also: Binance 2022 subscription guide