Welcome again to Chain Reaction, a podcast diving deep into tales, backgrounds and newest information with the most important names in crypto.
For this week’s episode, I interviewed Gwendolyn Regina, funding director at layer-1 blockchain BNB Chain. Prior to her present position, Regina labored at Facebook — or, as some name it now, Meta — constructing a brand new enterprise unit for enterprise capital partnerships and startup progress. She’s additionally a founder of some completely different companies and a founding workforce member for an early-stage tech funding agency, Thymos Capital.
As funding director, Regina appears to be like at new tasks, talks to builders and runs BNB Chain’s grant program, which picks as much as 10 tasks a month to assist them develop on the chain.
BNB Chain was launched in September 2020 and was initially kicked off by Binance, the world’s largest crypto change by buying and selling quantity.
Since then, BNB Chain has aimed to be a decentralized, community-owned separate entity from Binance with a deal with three audiences: retail markets, builders and builders, and bridging Web2.0 companies to web3, Regina stated. “We’re here to, number one, grow the blockchain and grow the pie.”
Although the previous 12 months has been shaky for crypto markets, BNB’s funding technique takes a long-term view and is especially not affected by day-to-day market occasions, Regina defined.
“Our investment thesis doesn’t change and yet it also changes,” Regina joked. “We all know blockchain and crypto move incredibly fast, so we are more precise in certain areas but largely speaking it has not changed.”
All in all, by means of the bear market and “mini bulls” alongside the best way, “we’re in a phase where everyone is building,” Regina stated. “And we want to enable more capabilities on BNB Chain.”
Web3 gaming on BNB Chain additionally has grown “organically through robustness and cheaper fees,” however the blockchain’s workforce is now “doubling down” in that sector to encourage extra avid gamers and builders to play and construct on its chain, Regina added. Out of its 1 million every day energetic customers, about 40% are avid gamers, she shared.
“Our GameFi infrastructure has always been relatively strong but because things evolve so much we’re really trying to find one-stop shop GameFi infrastructure,” Regina stated. “Going back to our investment thesis, when we look at the different themes, we always ask ourselves what is missing now and more importantly […] you have to think about what will be important in six months.”
For Regina and the BNB funding workforce, investments are “more than financial capital; it’s really a lot of growth incentives,” amongst different parts.
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