Versus Systems Inc. (NASDAQ:VS, CSE:VS) announced that Animoca Brands, one of the largest and most visible blockchain gaming groups in the world, has made a strategic investment in the company by participating in its recent US$7 million public offering, which closed on February 28, 2022.
Animoca Brands is a global leader in digital entertainment, blockchain, and gamification that is driving digital property rights via non-fungible tokens (NFTs) and gaming to help build the open metaverse, Versus noted.
The company said the investment demonstrates Animoca Brands’ support for Versus' vision for the future of rewards in entertainment and reflects its confidence in its proprietary technology and growth roadmap.
"We believe that Versus Systems is well-positioned to bring its engagement and rewards expertise to Web3 and blockchain to leverage play-to-earn and watch-to-earn platforms,” Yat Siu, the executive chairman and co-founder of Animoca Brands said in a statement. “We look forward to new and exciting developments from Versus as it brings its expertise in audience engagement to the open metaverse."
READ: Versus Systems closes previously announced public offering of 4,375,000 units for gross proceeds of U$7 million
Matthew Pierce, founder and CEO of Versus Systems commented: "Animoca Brands is hugely influential in blockchain, games, rewards, and Web 3.0 products and investing. As its partnerships with and investments in Axie Infinity, Dapper Labs, OpenSea, Thetan Arena, Polygon and others have shown, Animoca has a deep understanding of Web3, gamification, and the potential of rewards-based audience engagement.
"Having worked with Animoca Brands for many years, its investment in Versus is a meaningful reflection of its confidence in our technology, business model, and growth strategy. Both companies are strongly aligned in their vision for audience interactivity and rewards in the future of digital entertainment," Pierce added.
Versus Systems is an engagement and rewards company that makes live events, games, shows, and apps more fun to watch and play. The company adds interactive games, polling, trivia, predictive elements, and other win conditions to existing entertainment - whether in-venue or online - making the content more contextual, personal, and rewarding.
Versus works with world-class sports teams, leagues, venues, entertainment companies, and other content creators to make engaging, rewarding experiences for fans all over the world.
Contact the author at jon.hopkins@proactiveinvestors.com