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Animoca & Avalanche Team Up for Web3 Expansion

Published 2 weeks ago
Description

Animoca Brands, a Hong Kong-based Web3 powerhouse, invests in Ava Labs, Avalanches team, to bolster projects in real-world assets, digital identity, and entertainment. The partnership offers capital, advice, and business support, with a focus on Asia and the Middle East. Animocas extensive network and institutional connections will aid growth. This move strengthens Avalanches presence in fast-growing markets, with no details yet on investment amount or specific projects. Hong Kong continues to grow as a crypto hub, approving ETFs and exploring tokenized bonds and cross-border trade finance.

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