The world leader in digital entertainment, blockchain, and gamification, Animoca Brands, has obtained a strategic investment in Titan Chain, Tokenize’s mainnet, according to Tokenize Xchange (Tokenize), a digital asset exchange with headquarters in Singapore.
Additionally, Animoca Brands and Tokenize have partnered, according to a statement released by Animoca Brands on Monday. Under the terms of the agreement, Animoca Brands will help Tokenize by market-making, validating nodes, aiding in the listing of Tokenize’s TKX token, and investigating potential partnerships with Mocaverse and other projects in Animoca Brands’ broad portfolio of Web3 businesses and projects.
The flagship consumer network, Mocaverse, was launched by Animoca Brands and features an interoperable infrastructure layer throughout the Moca Network.
According to Tokenize, the cooperation and funding would turbocharge the Tokenize ecosystem, improving its blockchain infrastructure and enabling it to enter rapidly developing industries.
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Following the company’s recent $11.5 million Series A phase 2 funding and the hiring of a new Chief Strategy Officer earlier this year, the investment represents a major turning point in Tokenize’s growth strategy and further demonstrates the company’s dedication to expanding its market presence and growth.
Tokenize’s native token, TKX, is the main medium for gas fees in the Titan Chain ecosystem. Animoca Brands, known for its vast blockchain portfolio and innovative contributions to digital ownership across multiple verticals including entertainment, education, and identifiers, will invest an undisclosed amount of TKX in Tokenize.
Through the agreement, the Tokenize ecosystem will receive vital support in the form of market-making services, listings, and community development programs.Additionally, Animoca Brands is now formally recognized as the biggest Titan Chain validator.
By enhancing liquidity for TKX and other ecosystem tokens through Animoca Brands’ market-making services, Tokenize and its users will benefit greatly from this cooperation, which will also improve their overall trading experience.
Through this agreement, it will be easier to create new blockchain-integrated goods, especially in the gaming and digital collectibles industries. At the same time, Tokenize’s operational base will be strengthened as Animoca Brands serves as the primary validator for Titan Chain, increasing security and efficiency.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E.
