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HomeHong KongHong Kong-Based Animoca Brands Partner with EVG With Cross-Investment

Hong Kong-Based Animoca Brands Partner with EVG With Cross-Investment

Hong Kong-based Web3 firm Animoca Brands Corporation Limited (Animoca Brands) announced Monday a strategic agreement with Web3 venture builder Everest Ventures Group (EVG) that includes cross-investments in each other's projects.

Hong Kong-based Web3 firm Animoca Brands Corporation Limited (Animoca Brands) announced Monday a strategic agreement with Web3 venture builder Everest Ventures Group (EVG) that includes cross-investments in each other’s projects.

It said the latest agreement strengthens their partnership with EVG, which shares a vision of strengthening the Web3 ecosystem and driving mass adoption through collaboration and real-world use cases.

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This cooperation involves Animoca Brands and EVG cross-investing in each other’s ventures. Animoca Brands will support 2024 EVG consumer items to make Web3 more accessible.

OpenSocial Protocol, a scalable and composable infrastructure layer for social applications; Zeek, a decentralised collaboration network for on-chain social bounty and reputation; Legend of Arcadia, a community-focused turn-based RPG; and Last Odyssey, a kingdom simulation game.

EVG will also invest in Darewise, a Web3 studio focused on Bitcoin’s metaverse; Anichess, an on-chain chess game with a magic system; and Mocaverse, the marquee growth network with an interoperable infrastructure layer across the Mocaverse Partner Network seeded by Animoca Brands.

“EVG is one of our earliest allies and dedicated builders, “We’re thrilled to further elevate our partnership and support EVG’s various projects, which we believe have a high potential for mass adoption,” said Yat Siu, the Co-Founder and Executive Chairman of Animoca Brands.

EVG and Animoca Brands think that the growing blockchain and creator economies in major Asian nations offer considerable opportunity to develop real-world use cases.

Both companies are well-positioned to capitalise on fast-growing adoption patterns and reshape Asia’s Internet ecosystem. Animoca Brands, a Web3 leader, uses blockchain to give users digital property rights worldwide to build the open metaverse.

Read also – India-Based Infra.Market Secures $50 Million in Funding

The company creates and publishes games like The Sandbox, PHANTOM GALAXIES™, Life Beyond, Crazy Defence Heroes, and products based on popular sports and entertainment properties like The Walking Dead, Power Rangers, MotoGP™, and Formula E.

Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and others are among it’s nearly 400 Web3 investments, both directly and through Animoca Ventures. Hong Kong-based Web3 operating group EVG promotes Web3 adoption.

The 300-person worldwide team has created and launched Aspen Digital, Mugen Interactive, Kiki, LiveArt, Blocktempo, Cassava Network, and Adaverse, a diverse portfolio of digital interaction solutions for the future.

As an early investor and main adviser, the firm has supported unicorns and 150+ defining startups like Celestia, Wormhole, Berachain, Dapper Labs (Flow), Animoca Brands, Immutable, The Sandbox, Yuga Labs, Kraken, Lukka, Dunamu, and Blocklords.

About Animoca Brands

Deloitte Tech Fast winner and Financial Times High Growth Companies Asia-Pacific 2021 listee Animoca Brands leads digital entertainment, blockchain, and gamification. It creates and publishes the REVV and SAND tokens, creative games, and more.

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