Binance’s venture capital arm Binance Labs announced that it has made a strategic investment in Star Sharks, a community-driven metaverse where players, investors, and developers own, mate, and trade shark NFTs (non-fungible tokens).
Developed by the highly successful Time Studio Group, the blockchain game is looking to attract more talent into their team for the development of the upcoming games via the strategic investment.
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 gaming sector and therefore benefit all users in the BSC ecosystem.
Chase Guo, Investment Director of Binance Labs
The first game of Star Sharks, Starsharks.Warriors, is built on the BSC (Binance Smart Chain) and is slated for launch in November 2021. The 3D-NFT mobile game is set in an oceanic world where players can own, mate to increase the NFTs’ value, trade and use their NFT shark to compete for economical returns. Those who hold the governance tokens are able to share up to 80% of total game revenues.
“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,” said Star Sharks CEO Franky.
An additional radical referral mechanism is expected to be introduced to their games. The program will enable ancestor users to receive tokens based on the competition activity rewards of the users they referred.
Moreover, there will be an NFT leasing feature in its NFT marketplace that users can ‘rent to play’. It is expected to fully activate the liquidity and utilisation of NFT assets, as well as connecting NFT holders who are unable to dedicate some playing time with active players who are unable to afford entry NFTs.
