Animoca Brands, a leading Web3 player offering digital property privileges by leveraging blockchain and tokenization, has announced a new partnership with MultiversX, a disseminated public blockchain. The partnership focuses on redefining the gaming ecosystem. The platform disclosed this partnership on its official X account.
Animoca Brands to Operate as Validator for MultiversX
Animoca Brands has collaborated with MultiversX as its leading validator as well as ecosystem contributor. The integration takes into account a merger of Animoca Brands, its 540 portfolio platforms, and the network of MultiversX. Animoca Brands, which began its journey as a game entity back in 2018, has now gained a significant attention. It reportedly enjoys a prominent position among the most creative active developers and investors in the market.
The Hong Kong-based platform, with diverse subsidiaries and offices across the globe, played a crucial role by becoming The Sandbox, Decentraland, and OpenSea’s early backer. Subsequently, it acquired The Sandbox in the year 2018. The investment portfolio thereof has cumulative 540 investments in projects dealing with the blockchain technology. These investments primarily deal with gaming, open worlds, infrastructure, and gaming.
Animoca Brands’ decision to play the role of MultiversX’s validator highlights the latter’s rising appeal based on its advancements. The staking pool of the platform has already collected more than 100,000 $EGLD, further solidifying the scalability and security of the ecosystem.
Revolutionizes Digital Entertainment and Gaming and Unlock New Creator Opportunities
As per Animoca Brands, it will secure MultiversX while also providing support for the dApp development and enhanced gaming experience. Overall, this endeavor intends to empower consumers and boost Web3 adoption. Moreover, the initiative has the potential to promote landmark projects across the worlds of digital entertainment and gaming. Furthermore, it promises improved opportunities for businesses and creators within the Web3 landscape.
