TLDR
- Animoca Brands and Everest Ventures Group (EVG) announce a strategic partnership involving cross-investments in each other’s projects.
- Both companies share a vision of strengthening the Web3 ecosystem and driving its mass adoption.
- Animoca Brands will invest in various EVG consumer products launching in 2024, including OpenSocial Protocol, Zeek, Legend of Arcadia, and Last Odyssey.
- EVG will support Animoca Brands’ mission by investing in multiple Animoca Brands projects, including Darewise, Anichess, and Mocaverse.
- The two companies believe that the growing blockchain and creator economies in key Asian markets present significant opportunities to drive real-world use cases.
Animoca Brands, a leading company in the Web3 space, and Everest Ventures Group (EVG), Asia’s prominent Web3 venture builder, have announced a strategic partnership that involves cross-investments in each other’s projects.
This agreement aims to further strengthen the existing partnership between the two companies, who share a common goal of bolstering the Web3 ecosystem and promoting its widespread adoption by fostering collaboration and driving innovation through real-world applications.
As part of this partnership, Animoca Brands will invest in various EVG consumer products set to launch in 2024, with the objective of making Web3 experiences more accessible to all users.
These products include OpenSocial Protocol, a scalable and composable infrastructure layer for social applications; Zeek, a decentralized collaboration network for on-chain social bounty and reputation; Legend of Arcadia, a turn-based RPG with a focus on community; and Last Odyssey, a kingdom simulation game.
In return, EVG will support Animoca Brands’ mission to advance digital property rights by investing in several Animoca Brands projects.
Animoca Brands and Everest Ventures Group (@EVGHQ) to strengthen long-standing strategic partnership with cross-investments! 🤝🏻
With a shared vision of strengthening the #Web3 ecosystem and driving its mass adoption, the partnership aims to foster collaboration in the… pic.twitter.com/VhqTuhx4ZM
— Animoca Brands (@animocabrands) June 3, 2024
These include Darewise, a Web3 studio focusing on the metaverse of Bitcoin; Anichess, an on-chain chess game with a magic system; and Mocaverse, the marquee growth network with an interoperable infrastructure layer across the Mocaverse Partner Network seeded by Animoca Brands.
Both Animoca Brands and EVG believe that the growing blockchain and creator economies in key Asian markets present significant opportunities to drive real-world use cases.
By leveraging their combined expertise and resources, the two companies are uniquely positioned to capitalize on the rapidly growing adoption trends and transform the digital landscape in Asia.
Yat Siu, the co-founder and executive chairman of Animoca Brands, expressed his enthusiasm for the partnership, stating that EVG is one of their earliest allies and dedicated builders. He believes that the projects supported by EVG have a high potential for mass adoption.
Similarly, Allen Ng, the co-founding CEO of EVG, commended Animoca Brands for its pioneering leadership in making Web3 the future of the digital world, even amidst market challenges.
The partnership between Animoca Brands and EVG demonstrates their commitment to pushing boundaries and delivering projects that offer true utility, even in bear markets.
By focusing on real use cases and products, rather than speculation, the two companies aim to drive long-term adoption and reshape the digital landscape.
As the Web3 ecosystem continues to evolve, partnerships like the one between Animoca Brands and EVG will play a crucial role in fostering innovation, collaboration, and the development of accessible, user-friendly Web3 experiences.
This strategic alliance is expected to contribute significantly to the growth and mainstream adoption of Web3 technologies, particularly in the Asian markets.
