Animoca Brands and EVG Solidify Partnership with Strategic Cross-Investments

Animoca
Brands
Corporation
Limited,
a
leader
in
advancing
digital
property
rights
for
gaming
and
the
open
metaverse,
has
announced
a
strategic
partnership
with
Everest
Ventures
Group
(EVG),
a
prominent
Web3
venture
builder
in
Asia.
The
partnership
includes
cross-investments
in
each
other’s
projects,
according
to
Animoca
Brands.

Strategic
Partnership
Details

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

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

In
return,
EVG
will
invest
in
multiple
Animoca
Brands
projects,
supporting
Animoca’s
mission
to
advance
digital
property
rights.
EVG’s
investments
will
include:

• 
  Darewise:
  A
  Web3
  studio
  focusing
  on
  the
  metaverse
  of
  Bitcoin.
• 
  Anichess:
  An
  on-chain
  chess
  game
  with
  a
  magic
  system.
• 
  Mocaverse:
  A
  growth
  network
  with
  interoperable
  infrastructure.

Executive
Perspectives

Yat
Siu,
co-founder
and
executive
chairman
of
Animoca
Brands,
expressed
enthusiasm
about
the
collaboration,
stating,
“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.”

Allen
Ng,
co-founding
CEO
of
EVG,
echoed
this
sentiment,
highlighting
the
resilience
of
both
companies
despite
market
challenges.
“Even
as
the
market
faces
headwinds,
Animoca
Brands
continues
to
prove
itself
as
a
pioneering
leader
in
making
Web3
the
future
of
the
digital
world.
We
believe
that
in
the
upcoming
market,
it
will
be
real
use
cases
and
products
–
not
speculation
–
that
will
drive
long-term
adoption,”
Ng
said.

Market
Potential
and
Future
Outlook

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

For
more
information
on
this
strategic
partnership,
please
visit

Animoca
Brands.

Image
source:
Shutterstock

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