Animoca Brands, a notable Web3 enterprise, is utilizing blockchain and tokenization innovations to improve access to digital resources. Recently, it revealed a new alliance with the decentralized public blockchain MultiversX, focused on transforming the gaming landscape. This announcement was made on their official X profile.
In this partnership, Animoca Brands will act as a principal validator and contributor to the MultiversX ecosystem. This collaboration considers the synergy between Animoca Brands and its 540 investment platforms alongside the MultiversX network. Since its establishment in 2018 as a gaming organization, Animoca Brands has achieved considerable recognition and positioned itself as one of the most inventive and active developers and investors in the industry.
Based in Hong Kong, the company features a wide array of subsidiaries and offices worldwide, having significantly contributed to projects such as The Sandbox, Decentraland, and OpenSea. It was an early backer of these ventures and acquired The Sandbox in 2018. Its portfolio encompasses 540 projects related to blockchain technology, mainly centered on gaming, open worlds, and infrastructure.
By taking on the role of a validator for MultiversX, Animoca Brands emphasizes the increasing attractiveness of the platform in terms of technological progress. The staking pool has gathered over 100,000 $EGLD, bolstering the scalability and security of the ecosystem. Whale Notice: $3.1 Million USDC Sent to Hyperliquid for $HYPE Purchase
Transforming Digital Entertainment and Gaming, Creating New Possibilities for Creators
As stated by Animoca Brands, it will ensure security for MultiversX while aiding the development of decentralized applications (dApps) and improving the gaming experience. Overall, this initiative seeks to empower users and foster the adoption of Web3.
Furthermore, this initiative holds the promise of promoting significant projects within the digital entertainment and gaming sector. It also fosters improved prospects for enterprises and creators in the Web3 landscape.
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