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Web3 games developer Animoca Brands and Saudi Arabia’s NEOM Investment Fund announced a new partnership on Oct. 30 to drive Web3 development in the region. According to the announcement, the new deal will have Animoca working with NEOM to build Web3 enterprise service capabilities. The planned Web3 services are intended to
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Web3 gaming has become one of the hottest trends in the tech world, and not without a good reason. Using blockchain technology to give more control to gamers turned out to be a fascinating idea and catapulted Web3 gaming to the main stage of Web3 space.Web3 gaming applies key principles
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Darewise Entertainment, a subsidiary of Animoca Brands, is partnering with Horizen Labs to develop the first metaverse token on Bitcoin. Horizen Labs, a blockchain firm, will guide on token development and provide consulting services. This deal aims to roll out the first-ever metaverse token designed on the Bitcoin(BTC) network. Both firms
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Within the funding round, Animoca Brands issued Simple Agreements for Future Equity (SAFEs) priced at A$4.50 each and offered a free-attaching utility token warrant on a 1:1 dollar basis to the participants. Hong Kong-based game software company Animoca Brands Corporation Ltd has raised as much as $20 million (approximately A$31.3 million)
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Animoca Brands, a Hong Kong-based entertainment company, has announced that it has secured $20 million in funding for its latest project, Mocaverse. Mocaverse is a web3 platform that leverages blockchain, NFTs, and AI technologies for the gaming, culture, and entertainment industries. The funding round was led by CMCC Global, a venture capital
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A July report from cybersecurity certification platform CER found that only six of 45, or 13.3%, of cryptocurrency wallet brands have undergone penetration testing to find security vulnerabilities. Of these, only half have performed tests on the latest versions of their products. The three brands that have done up-to-date penetration tests
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The new game, launching in the next few weeks, will allow players to assemble mechs, or giant robotic characters, using collectible NFT parts that can be moved around to create "1.5 quadrillion" different combinations. To start, players will need to mint a mech NFT, comprised of 10 mech parts that
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Nonfungible token (NFT) adoption is picking up steam across the food and beverage industry, with many fast-food chains showing interest in the asset class.A report by Research and Markets predicts that the global food and beverage NFT market size is expected to exceed $2 billion by 2032. These statistics have been
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In order to perform KYC on its users, hi will soon utilize a Proof of Human Identity solution that helps prevent bots from transacting on its layer 2 network. Original Source
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The crypto space has been in an uneven state around the world, with Web3 startups flourishing in the Middle East and Asia, while North American crypto entrepreneurs face challenges under tough macroeconomic and regulatory conditions, according to Animoca Brands CEO Yat Siu. Speaking with Cointelegraph at the Collision Conference, in Toronto,
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