Leading game software company, Animoca Brands, bands together with gaming platform, MOBOX, in a bid to accelerate the development of the blockchain gaming industry.
The gaming industry and blockchain technology have managed to create quite the buzz during the rising popularity of the metaverse. GameFi , a fusion of the words “game” and “finance” have become a fast-evolving trend in the crypto world. The GameFi model has grown tremendously in 2021. The wave has also merged with the idea of the metaverse. Numerous companies have proliferated in the recent years to support the GameFi industry to revolutionize crypto gaming.
How Will The Partnership Succour MOBOX?
On April 7, Animoca Brands, announced via Twitter that it has partnered up with leading GameFi decentralized application (dApp), MOBOX. The tweet reads,
“Animoca Brands is pleased to announce the strategic partnership with Mobox, the number 1 gaming platform and metaverse creator on the BNBCHAIN.”
According to the official blog post, the partnership will enable MOBOX to accelerate the development of the MOMOverse, a cross-platform metaverse. The strategic collaboration will also allow the developers to streamline the process of building a Decentralized Autonomous Guild (DAG), MOBOX Chain, Game Creator plus various other products. Animoca Brands will also help MOBOS with onboarding of various other gaming studios as well as Intellectual Property.
Sam, co-founder of MOBOX, said that the partnership with Animoca Bands will allow not just MOBOX but the whole blockchain gaming and NFT industry to grow as a whole. He remarked,
“We strongly believe that blockchain will be the underlying gaming technology of the future, and with the support and expertise of Animoca Brands along with their large NFT portfolio we hope to work with them to create a truly fun and exciting gameverse.”
Recently, MOBOX had announced the launch of- MOMOverse. It is a cross-platform metaverse that allows players to take a part in an interactive gaming experience where they can personalize their avatars and choose a profession from the available choices while generating financial benefits through gaming.
How is Animoca Brands Shaping The GameFi Industry?
Hong Kong-based game software company- Animoca Brands has been under the spotlight for quite some time now. The organization has invested in a diverse set of companies. Last year, Animoca led a funding round of $7 million in SPACE metaverse platform.
In January 2022, the gaming software company also backed non-fungible token (NFT) data aggregator, CryptoSlam, in $9 million funding. Recently, popular game, Axie Infinity developer Sky Mavis, has raised $150 million which witnessed the participation from Animoca Brands.
.
