Binance Ventures into Two Major Blockchain Games: Binance Labs strategically invests in Stepn and leads investment in the development company of Axie Infinity to combat theft.

Binance announced on the 6th that it has invested in the blockchain gaming platforms "Stepn" and Sky Mavis, the developer of Axie Infinity.

Binance announced on the 6th that it has invested in the blockchain gaming platform "Stepn" and Sky Mavis, the developer of Axie Infinity.

Binance Labs announced a strategic investment in Stepn, a project under FindSatoshi Lab, with the funds intended for app development and community growth. Previously, "Stepn," the blockchain gaming platform, had integrated Binance's coin purchase channel, issued governance token GMT through IEO, and announced the launch of the BNB Chain version.

Sky Mavis, the developer of Axie Infinity, suffered a breach in its sidechain Ronin, resulting in hackers stealing digital assets worth up to $600 million. Binance led the investment, with participation from Animoca Brands, a16z, Dialectic, Paradigm, and Accel, raising $150 million in this funding round. The funds will be used to compensate for the losses from the Ronin breach, ensuring that all users' losses are reimbursed. The Ronin hackers have moved most of the funds out through exchanges and the privacy protocol Tornado to another address.

Axie Infinity also officially announced the trial version of new version Origin on the 7th. Whether the investment rescue and new game can reignite interest remains to be seen.