Binance’s Pixel Mining Project Raises $4.8 Million in Funding from Framework Ventures and Others.
Posted: Feb 9, 2024 7:14 AM Updated: Feb 9, 2024 7:14 AM
Correction and fact check date: February 9, 2024, 7:14 a.m.
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Binance’s Pixels mining project has secured $4.8 million in funding from investors including Framework Ventures, Collab+Currency, and others.
Binance, a prominent player in the cryptocurrency industry, recently launched Pixels, a new coin mining project aimed at exploiting new opportunities in the digital asset landscape. Pixels successfully secured $4.8 million in funding in a strategic move to accelerate the growth of this initiative.
The funding round saw participation from renowned investors such as Framework Ventures, Collab+Currency, Volt Capital, Yield Guild Games, Sky Mavis, Tokenmetrics Ventures, Forj Network, Mechanism Capital, Fenbushi Capital, and private investor Nansen CEO Alex Svanenik. Confidence and interest in Pixels’ potential.
According to market analysts, this injection of funds not only highlights the growing interest in cryptocurrency mining, but also reflects the market’s recognition of Binance’s initiatives in this field. It is important to note that Pixel is Binance’s 46th coin mining project, according to various media reports.
Pixels also offers users the opportunity to invest BNB and FDUSD in the PIXEL mining pool on the Launchpad website. This innovative approach allows users to mine PIXEL tokens as rewards for 10 days, providing an attractive incentive to participate in the project.
Pixels redefine Web3 gaming
With the latest round of funding secured, Binance’s Pixel Mining project is well-positioned to capitalize on evolving trends in the cryptocurrency market while providing powerful opportunities for both investors and users to join the platform and participate in the digital asset ecosystem. It is in
But what exactly is a pixel? Pixels is more than just a gaming experience. A captivating open world where farming, exploration, and blockchain technology merge to redefine the gaming experience. Developed with the vision of building a universe pixel by pixel, Pixels offers players a unique mix of resource gathering, skill advancement, and narrative-driven quests.
In this immersive game world, players are not mere participants but the creators of their own destiny. By managing resources, honing skills, and building relationships, players explore a fascinating world that seamlessly integrates blockchain ownership with in-game progression and achievements.
At its core, Pixels aims to provide a fun and easy gaming experience based on blockchain technology. Simply put, designed for accessibility and fun, Pixels redefines gaming standards while introducing players to the possibilities of Web3.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s expertise lies in producing impactful content, including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s expertise lies in producing impactful content, including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.