Animoca Brands and EVG solidify strategic partnership with cross-investments

Animoca Brands has formed a collaboration with Everest Ventures Group to implement an investment exchange initiative, in which both parties contribute to the other. The two entities are both dedicated to the improvement of the Web3 ecosystem and its widespread adoption.

With respect to investments in each other’s enterprises, the two organizations will collaborate to implement exchange initiatives. In an effort to establish a connection between users and Web3 exposure, Animoca Brands will be accountable for the support of numerous EVG consumer items that are scheduled to be released this year.

These will include OpenSocial Protocol, an infrastructure layer that can be upgraded for social applications; Zeek, a decentralized association network that benefits from on-chain social bounty. Added to that will be Last Odyssey, a simulation game of a kingdom, and Legend of Arcadia, a turn-based role-playing game that prioritizes community.

Concurrently, EVG will back Animoca Brands’ efforts to promote digital property rights through investments in various Animoca Brands projects. These include Anichess, an on-chain chess game that incorporates a magic system; Darewise, a Web3 studio that specializes in Bitcoin’s metaverse; and Animoca Brands also seeded Mocaverse, a flagship growth network, with a compatible infrastructure layer throughout the Mocaverse Partner Network.

Yat Siu, the Co-Founder and Executive Chairman of Animoca Brands, has stated that EVG is one of the original allies and dedicated architects of the company. The company is enthusiastic about the opportunity to enhance its partnership and provide support for EVG’s diverse initiatives, which it believes have a significant potential for widespread adoption.

According to Allen Ng, the Co-Founder and CEO of EVG, Animoca Brands is actively promoting the Web3 agenda, ensuring that the digital world is aware of its status as a major participant in the near future. While others withdraw, Animoca Brands and EVG continue to develop projects and products that aim to transform the digital landscape.

EVG is of the opinion that the impending market will be characterized by the emergence of genuine use cases and products that will facilitate long-term adoption. We are eager to work together to stretch the boundaries and produce projects that are able to withstand bear markets by providing genuine utility, Allen added.

Animoca Brands is a Web3 company that uses blockchain to introduce customers to digital property rights and set up the open metaverse.

On the other hand, Everest Ventures Group is a Web3-functioning business that is responsible for encouraging mass acceptance of Web3.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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