Animoca Brands Corporation Ltd has expanded its NFT-related networks by becoming a validator of hashport, a new public utility designed to facilitate the secure and efficient transfer of digital assets between different distributed ledger technology (DLT) networks.
DLT networks are de-centralised data sets that are synchronised across multiple sites, countries and/or institutions, the base technology that makes blockchain possible.
The hashport application offers retail users the opportunity to port their digital assets between DLT networks and explore new decentralised finance types (DeFi or cryptocurrencies), gaming and NFT applications seamlessly no matter what network they are hosted on.
Building an ‘open’ metaverse
Animoca Brands co-founder and executive chairman, Yat Siu commented: “We are excited to collaborate with hashport to make interoperability of digital assets between different decentralised networks much easier for users.
“We believe that hashport can contribute to the growth of the blockchain and NFT industries and help build the open metaverse for the masses.”
“In Animoca Brands, hashport has the support and expertise of the industry's most decorated and knowledgeable DLT based gaming company.”
Hashport seeks to strike the right balance between security, speed, cost-effectiveness and ease of use.
The application is designed to allow users to take part in the growth of previously inaccessible networks, increasing opportunities for collaboration between disparate networks.
“Choice, opportunity and cohesiveness”
“We look forward to having the opportunity to work with Animoca Brands in bringing greater choice, opportunity and cohesiveness to decentralised networks everywhere,” hashport director of business development, Jesse Whiteside said.
When hashport launches on November 9, 2021, it will connect Hedera’s public distributed ledger with both the Polygon and Ethereum networks and will support additional networks in the months after launch.
About the companies
Animoca Brands is a leader in digital entertainment, blockchain and gamification. Animoca Brands develops and publishes a broad portfolio of products including the REVV token and SAND token, original games, and products utilizing popular intellectual properties including Formula 1®, Marvel, WWE, Power Rangers, MotoGP™ and Doraemon.
Its portfolio of blockchain investments includes more than 100 of the most promising NFT-related companies and projects.
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure and cost-effective way.
In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners around the world.
hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.
To learn more about hashport, visit https://hashport.network