Following the announcement of a partnership, Animoca Brands will use BNB Chain as the chosen blockchain for some initiatives developing tokenized gaming assets.
Animoca Brands and Binance partnership
Animoca Brands and BNB Chain’s goal is to achieve meaningful blockchain technology and tokenization strategy adoption in the larger entertainment industry, including but not limited to gaming and esports. The two parties want to attract more mainstream people to the crypto realm.
Earlier today, Animoca Brands deposited 2 million $SAND with Binance. This is the third time in the week that Animoca Brand’s wallet has been reported to have made a deposit. How much liquidity is produced by the recovering market to allow the whale to sell?
“We are tremendously delighted to cooperate with the most important exchange in the world and to deliver our projects on the Binance Smart Chain. We are sincerely grateful to work with partners who support our vision of gamer empowerment by enabling features like play-to-earn and property rights previously inaccessible in games. We feel that gaming basics are about to undergo a huge upheaval.”
Yat Siu, Chairman and co-founder of Animoca Brands.
“Animoca Brands is one of the pioneers from the game sector that has made real and positive growth in the crypto area,” said Ling Zhang, VP of M&A at Binance.
The company added that via strategic cooperation with Animoca Brands, they will bring in more mainstream users by onboarding top-notch gaming projects on the BNB Chain.
Animoca Brands looking for funds
Animoca Brands Corp. has substantially scaled back its expectations in light of the current collapse of the crypto market.
Yat Siu, co-founder, and CEO of Animoca brands stated that Animoca Capital was in talks with potential investors and intended to use the cash to assist blockchain and metaverse businesses.
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