MultiversX And Animoca Brands To Co-Support Creators, People And Businesses Moving On-Chain
Animoca Brands gets involved in the MultiversX ecosystem with infrastructure services, capital resources and exploration plans to fuse the blockchain's network capabilities into the products it leads and collaborates with.
Starting as a mobile game company, going public through its IPO in Australia and then fully pivoting to Web3 when the first tokenization rails were pioneered, Animoca is one of the most prolific active investors and builders in the industry.
Based in Hong-Kong, with various offices and subsidiaries worldwide, it was an early backer of OpenSea, Decentraland and Sandbox, acquiring the latter in 2018. Its venture portfolio totals over 350 investments in blockchain-related projects, primarily focused on gaming, digital collectibles, open worlds, and infrastructure.
With 3200+ validator nodes and standing as the second largest PoS economy, the option of creating new validator nodes makes the network even more attractive and easier for individuals, infrastructure operators and businesses to join and contribute to the ecosystem.
Animoca Brands is one such example that we're very much welcoming as a staking provider, accepting now delegations from community members on 20 nodes. Their pool already has over 100,000 EGLD deposited with no capped limit.
Furthermore, standout startups aligning with Animoca's vision and incubated on xLaunchpad - a highly selective Web3 accelerator - will have the doors open for receiving support from the leader in digital entertainment and gamified experiences.
Animoca Brands is well known for conducting a lot of web2 to web3 conversions among popular brands. It has licensing arrangements with the likes of MotoGP, Adidas, Major League Baseball, Disney, Atari, and WWE, that it plugs into its own games and invested companies.
Another noteworthy example is Quidd (subsidiary), a digital collectibles marketplace which most recently partnered with Leaf Trading Cards to launch a new digital on-chain trading card collection. In total, it has over 325 partnerships with global brands, including Marvel, HBO and NBA, with whom it unlocks new fan experiences and creates stronger connections through the help of blockchain technology.
Beniamin Mincu, CEO of MultiversX Foundation, said: “MultiversX brings important contributions to the space. Whether we are talking about the unique on-chain 2FA mechanism or the native assets which offer deep ownership implications, they are essential for the upcoming wave of consumer apps built on-chain. It’s great to have Animoca Brands joining the ecosystem as a validator and exploring these feats to boost Web3 adoption in gaming and entertainment.”
With the beginnings of our collaboration, Animoca Brands is considering the MultiversX Network for its digital collections launches and unique NFT drops. By doing so, its users will gain access to best-in-class features like on-chain 2FA, to be protected even when someone else gets to their secret phrase, and to a superior standard for tokens and NFTs that have stronger legal, personal and economical implications by being directly owned by user accounts instead of being recorded in third-party smart contracts.
Yat Siu, co-founder and executive chairman of Animoca Brands, mentioned: “Animoca Brands is thrilled to be a validator and contributor for MultiversX. Together, we aim to redefine the gaming industry's landscape, empower users, and accelerate the adoption of Web3. By combining Animoca Brands' industry leadership and MultiversX's horizontally scalable network and sovereign chain infrastructure, we look forward to advancing development in the Web3 industry.”
About Animoca Brands
Animoca Brands is a Web3 leader that leverages tokenization and blockchain to deliver digital property rights to consumers, helping to establish the open metaverse and its associated network effects.
Animoca Brands realizes its mission via three integrated business pillars: operating Web3 businesses to advance blockchain adoption with native projects such as Moca Network, Anichess, The Sandbox, Open Campus, NEOM Web3 initiatives, and a regulated stablecoin project in partnership with Standard Chartered and HKT; providing digital asset advisory services including tokenomics advisory, liquidity provision, and institutional research to help external Web3 projects grow; and digital asset management, with a portfolio of investments in over 540 companies including industry leaders Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, OpenSea, Dapper Labs, YGG, and many others.
More articles
