Animoca Brands Joins Forces with MultiversX: A New Era for Web3 Adoption
February 26, 2025 | Darius Baruo
In an exciting development for the blockchain landscape, Animoca Brands has officially joined the ranks of MultiversX as a validator. This strategic partnership not only enhances the already vibrant MultiversX ecosystem but also offers new opportunities for creators, users, and businesses within the metaverse. At Extreme Investor Network, we’re dedicated to keeping you informed about the latest innovations in the crypto space, and this collaboration marks a pivotal moment for Web3 adoption.
Enhancing the MultiversX Ecosystem
Animoca Brands is no stranger to the blockchain world. Initially founded in 2014 as a mobile game development firm, the company made a significant shift towards Web3 in 2018. As a leading investor in this burgeoning sector, Animoca holds over 540 investments across various blockchain projects, focusing on gaming, digital collectibles, and virtual worlds. The partnership with MultiversX aims to strengthen synergies between its expansive portfolio and the innovative technology MultiversX brings to the table, including its well-regarded Sovereign Chains development tools.
The Power of Staking V4
This announcement comes on the heels of MultiversX’s successful implementation of Staking V4. The recent upgrade has dramatically improved the network’s Nakamoto Coefficient by a remarkable 50%, allowing for a more inclusive validator system. Instead of a queue-based approach, new validators can now join based on their staked EGLD. This opens the door for major players like Animoca Brands, which quickly mobilized its resources to establish a staking pool exceeding 100,000 EGLD.
What does this mean for investors?
As new validators continue to join MultiversX, the expansion could lead to increased network reliability and faster transaction speeds. For investors looking for promising opportunities in the blockchain sphere, the growing ecosystem of MultiversX—bolstered by names like Animoca Brands—represents a potentially fruitful avenue.
Voices from the Top
“Animoca Brands is thrilled to be a validator and contributor for MultiversX,” stated Yat Siu, co-founder and executive chairman of Animoca Brands. His enthusiasm reflects a shared vision for revolutionizing the gaming industry and spurring Web3 adoption. Beniamin Mincu, CEO of MultiversX Foundation, echoed these sentiments, emphasizing the transformative potential for gaming and entertainment within the Web3 paradigm.
Supporting the Next Generation of Startups
In addition to its landmark partnership with MultiversX, Animoca Brands is committed to fostering innovation among startups that align with its ethos. By supporting projects incubated under its selective accelerator, xLaunchpad, Animoca is dedicated to nurturing the next wave of groundbreaking ideas in digital entertainment and gamified experiences.
Conclusion: The Future of Gaming and Blockchain
As we delve deeper into the era of Web3, collaborations like that of Animoca Brands and MultiversX are pivotal in unlocking new possibilities for users and creators alike. In a world increasingly driven by digital and virtual spaces, these partnerships not only enhance existing technology but also pave the way for new breakthroughs in the blockchain sector.
At Extreme Investor Network, we are committed to bringing you the latest insights in cryptocurrency and blockchain developments. Make sure to stay tuned for more updates as we continue to watch this exciting partnership unfold!
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