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Home»ADOPTION NEWS»Animoca Brand and EVG Strengthen Partnership through Strategic Cross-Investment
ADOPTION NEWS

Animoca Brand and EVG Strengthen Partnership through Strategic Cross-Investment

By Crypto FlexsJune 3, 20242 Mins Read
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Animoca Brand and EVG Strengthen Partnership through Strategic Cross-Investment
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Animoca Brands Corporation Limited, a leader in advancing digital property rights for games and open metaverses, has announced a strategic partnership with Everest Ventures Group (EVG), Asia’s renowned Web3 venture builder. According to Animoca Brands, the partnership includes cross-investment in each other’s projects.

Strategic Partnership Details

This latest agreement aims to strengthen the long-standing collaboration between Animoca Brands and EVG with a focus on driving mass adoption of the Web3 ecosystem. Both companies share a vision to foster innovation and develop real-world use cases in the blockchain space.

As part of the partnership, Animoca Brands will support several EVG consumer products scheduled for launch in 2024. These products aim to make the Web3 experience more accessible and include:

In return, EVG will support Animoca’s mission to advance digital property rights by investing in several Animoca Brands projects. EVG’s investments include:

  • Darewise: A Web3 studio focused on Bitcoin’s metaverse.
  • Anichess: An on-chain chess game with a magic system.
  • Mocaverse: A growing network with interoperable infrastructure.

Management’s Perspective

“EVG is one of our earliest allies and committed manufacturers,” said Yat Siu, Co-Founder and Chairman of Animoca Brands. We are excited to further strengthen our partnership and support EVG’s diverse projects that have high potential for mass adoption.”

EVG co-founder Allen Ng echoed this sentiment, emphasizing the resilience of both companies despite market challenges. “Despite facing market headwinds, Animoca Brands continues to prove itself as a visionary leader making Web3 the future of the digital world. We believe that in the coming markets, real use cases and products, not speculation, will drive long-term adoption,” said Ng.

Market Potential and Future Outlook

Both companies see significant opportunity in the burgeoning blockchain and creator economies in key Asian markets. Together, Animoca Brands and EVG are well-positioned to capitalize on fast-growing adoption trends and transform the Internet landscape in Asia.

For more information about this strategic partnership, please visit Animoca Brands.

Image source: Shutterstock

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