Cocos-BCX Raises $40 million From Binance Labs And Others For Its Blockchain Gaming Platform

Cocos-BCX, a blockchain game development platform has announced that it has raised $40 million in its latest round of funding. The platform they developed, called Cocos2d-x, became popular for the creation of mobile games.

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Cocos-BCX, a blockchain game development platform has announced that it has raised $40 million in its latest round of funding. The platform they developed, called Cocos2d-x, became popular for the creation of mobile games.

Binance Labs, NEO Global Capital leads investors

The development team at Cocos-BCX in its medium post announced it was able to raise $40 million from top blockchain and crypto companies. Binance Labs, NEO Global Capital, 500 Startups, were amongst the leading investment companies.

Cocos2d-x has become very popular with thousands of developers creating 2D mobile games. The company was bought by Beijing-based Chukong Technologies and has gone on to develop hit games such as Angry Birds, Badlands, Fight!, and Clash of Kings.

The funds raised by the team would enable faster turnaround on the development of its gaming platform and support the company’s proposed growth and expansion, according to the report.

The funding for Binance Labs comes just a few months after Cocos-BCX concluded its first Cocos-BCX demo. The demo showed investors and interested users the components for in-game item generation, transfer, and offline storage.

The company showcased their experimental version of Cocos virtual machine and CocosChain. The team has been able to double its team since then and launched new offices in Beijing, Seoul, Tokyo, and San Francisco.

The team stated that their vision is to become an end-to-end platform where game developers can build, deploy, operate, and scale their games across all major blockchain platforms.

Head of Binance Labs Ella Zhang stated that he believes gaming has a lot of potential in the Blockchain industry but the market is yet untapped.

He is confident in the capabilities of Cocos and believes their platform will drive more real use cases for crypto adoption, and reveal more use cases for the blockchain technology.

Haozhi Chen, the founder of Cocos-BCX, added that gaming has always at the core of the company, and they have a deep understanding of what the gaming community wants.

They also understand which type of development environment is most effective across multiple blockchain platforms and operating systems.

With the funds raised, Chen revealed that they can push the blockchain gaming sector in the right direction and focus on entering the market faster than expected.

Ontology, Nebulas also strategic partners

Asides Binance Lab and NEO Global Capital, Cocos-BCX has other strategic partners such as Loom, Ontology, Nebulas, and Cell Evolution. The team also revealed that it would name more partners in the coming months.

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