Animoca Brands signs six blockchain mutual investment agreements

By Sophie Chapman
Share
The games and apps developer, Animoca Brands Corporation, has signed several mutual investment agreements with blockchain firms. The six agreements aim...

The games and apps developer, Animoca Brands Corporation, has signed several mutual investment agreements with blockchain firms.

The six agreements aim to enable blockchain technology to be used within mass consumer markets.

Animoca Brands has partnered with Datum, LikeCoin, Musicoin, OST, Harmony, and I-House.

The firm will invest its shares for the equivalent value in digital tokens, entering US$1bn in total to six agreements.

The partnerships will grant Animoca Brands with access to technology, products, knowledge, and networks.

SEE ALSO:

The firm also signed a memorandum of understanding (MoU) with Mind Fund Group and Helix, which was launched by Mind Fund ad Hedera Hashgrapha.

“One of the biggest challenges facing blockchain networks is the current limit in transaction volume and latency,” remarked Yat Siu, Chairperson and Co-Founder of Animoca Brands.

“Hedera Hashgraph's performance tests show throughput of 50,000 transactions per second, and up to ten times that number under certain conditions.

“Partnering with Helix and Mind Fund will significantly help Animoca Brands to scale our blockchain products, allowing us to create a new generation of distributed games and applications that will have powerful consumer appeal.”

Share

Featured Articles

Contentful Webinar: How AI is Reshaping Content Management

Software provider Contentful outlines technology transformation in content creation as market demands accelerate

How Bain & Company is Expanding its OpenAI Partnership

Bain & Company deepens collaboration with OpenAI to accelerate delivery of technology, establishing Center of Excellence for global industry solutions

EY Forms AI Council to Guide Global Tech Strategy

EY brings together 11 external experts from industry and academia to guide implementation of artificial intelligence across its global operations

How Toyota & NTT use AI to Create a Zero-Accident Society

AI & Machine Learning

Nvidia: Shaping the Rise of AI Humanoid Robots

AI & Machine Learning

Microsoft Reshuffles EMEA Leadership Amid AI Expansion Drive

AI & Machine Learning