BNB Chain’s $1B Growth Fund Invests in Project Galaxy to Empower On-chain Credentials in WEB 3.0
BNB Chain, the leading DeFi, NFT, and GameFi ecosystem, has announced its investment in Project Galaxy, the permissionless on-chain credentials infrastructure, via its $1 billion Growth Fund to help BNB Chain-based projects leverage the ecosystem’s resources and significantly increase user engagement, globally.
"With the support from BNB Chain fund, we will work with more projects in the BNB Chain ecosystem. We will help them leverage the combination of on-chain credentials and achievement-based NFTs to bring the community engagement to the next level," said Charles Wayn, Project Galaxy Co-Founder. "We have seen explosive demand around on-chain credentialing and on-chain marketing in the Web3 space," Wayn added.
Project Galaxy is building a permissionless infrastructure that powers on-chain credentials with plug-and-play NFT modules. The protocol allows everyone to create, distribute, and gamify NFTs with the customized on-chain data. Developers can build their own loyalty programs, and individuals can issue and claim the NFTs backed by their on-chain achievements.
"Identity is an innately human thing. On-chain credentials and identity-building enable individuals to live in and across different decentralized communities. Galaxy enables these communities to flourish by increasing community reach, engagement, and user retention," explained Gwendolyn Regina, BNB Chain Accelerator Fund Investment Director. "With this investment, BNB Chain-based projects can build seamless hosted spaces for their users and track their growth using Galaxy," said Regina.
Project Galaxy makes NFTs more than just collectibles. They're making them into forms of identification and empowering developers and community members to build more engaging communities together.
BNB Chain, the leading DeFi, NFT, and GameFi ecosystem, launched the $1 billion Growth Fund in mid-October to push for the adoption of the BNB Chain ecosystem and the blockchain industry as a whole.
To date, BNB Chain has supported over 300 blockchain projects via its Growth Fund, one of the largest in the world. The second largest DeFi blockchain ecosystem plans to incubate and accelerate more than 500 startups via the $1 billion Growth Fund in the coming months.
About Project Galaxy
Project Galaxy is building a permissionless infrastructure that powers on-chain credentials with plug-and-play NFT modules. The protocol allows everyone to create, distribute, and gamify NFTs with the customized on-chain data. Developers can build their own loyalty programs, and individuals can issue and claim the NFTs backed by their on-chain achievements.
With Project Galaxy, NFTs become more than just collectibles, but also forms of identification, empowering developers and community members to build more engaging communities together. For more info visit galaxy.eco.
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