Animoca Brands Corporation Ltd has strengthened its strategic partnership with Everest Ventures Group (EVG), Asia’s leading Web3 venture builder, through a new agreement that includes cross-investments in each other’s projects.
The latest agreement solidifies the long-standing partnership between Animoca Brands and EVG, who both share a vision of strengthening the Web3 ecosystem and driving its mass adoption, including fostering collaboration in the space and driving innovation through real-world use cases.
To back various EVG products
As part of the cross-investment Animoca Brands will back various EVG consumer products launching in 2024 with the aim to make 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 an emphasis on community; and Last Odyssey, a kingdom simulation game.
Investing in Animoca projects
In parallel, EVG will support Animoca Brands’ mission to advance digital property rights by investing in multiple Animoca projects including - 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.
Driving real-world use cases
Animoca Brands co-founder and executive chairman Yat Siu said: “EVG is one of our earliest allies and dedicated builders.
"We're thrilled to further elevate our partnership and support EVG’s various projects, which we believe have a high potential for mass adoption."
EVG and Animoca Brands believe that the burgeoning blockchain and creator economies in key Asian markets represent significant opportunities to drive real-world use cases.
Together, the two companies are uniquely positioned to tap into fast-growing adoption trends and transform the Internet landscape in Asia.
Reshaping digital landscape
EVG's co-founding CEO Allen Ng said: “Even as the market faces headwinds, Animoca Brands continues to prove itself as a pioneering leader in making Web3 the future of the digital world.
"While others retrench, Animoca Brands and EVG press forward with projects and products to reshape the digital landscape.
"We believe that in the upcoming market it will be real use cases and products – not speculation – that will emerge to drive long-term adoption.
"We look forward to collectively pushing boundaries and delivering projects that withstand bear markets by offering true utility.”