AAA Refinable readies $150,000 investment vehicle

Refinable readies $150,000 investment vehicle

Hong Kong-based non-fungible token (NFT) marketplace Refinable has formed a $150,000 development fund targeting blockchain-powered gaming technology developers, Tech in Asia reported today.

Founded earlier this year, Refinable operates an NFT-fuelled digital content trading platform on Binance Smart Chain, the blockchain contract service of crypto exchange Binance.

The marketplace enables users to buy and sell works of graphic art with unique signatures to prove their authenticity. Binance had joined YouTube personality MrBeast to provide $3m in funding for the startup in April 2021.

Refinable intends to provide grants through the fund and form strategic partnerships with video game publishers that are working on blockchain-oriented projects. It had already teamed up with owners of play-to-earn NFT titles such as ChainGuardians and Seascape.

By Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.