Animoca Brands and Everest Ventures Group Forge Strategic Partnership

A strategic partnership has been established by Animoca Brands Corporation Limited (Animoca Brands) and Everest Ventures Group (EVG), a prominent Web3 venture builder with headquarters in Asia. This announcement demonstrates Animoca Brands’ deep commitment to the advancement of intellectual property rights and the open metaverse. With this collaboration, they are advancing the Web3 ecosystem’s acceptance and strengthening it. Their joint goal is to drive innovation and cultivate collaboration through practical real-world applications.

The collaboration of EVG and Animoca Brands marks a turning point in the development of the Web3 environment. Both organizations hope to spur the creation of novel solutions that democratize access to Web3 experiences for people all around the world by combining their resources and areas of expertise.

As part of this collaboration, Animoca Brands and EVG will engage in cross-investments, strategically backing each other’s projects to fuel their collective vision. Animoca Brands will support a range of EVG’s consumer products slated for launch in 2024, with the overarching goal of enhancing accessibility to Web3 experiences. These products encompass a diverse array of offerings, including the OpenSocial Protocol, Zeek, Legend of Arcadia, and Last Odyssey – each designed to revolutionize the digital landscape and empower users to explore the possibilities of Web3.

Conversely, EVG will reciprocate Animoca Brands’ support by investing in select projects within the company’s portfolio. Notable ventures include Darewise, Anichess, and Mocaverse, all of which epitomize Animoca Brands’ commitment to advancing digital property rights and fostering innovation within the metaverse.

Yat Siu, co-founder, and executive chairman of Animoca Brands, expressed enthusiasm for the expanded collaboration, stating, “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.”

Echoing this sentiment, Allen Ng, co-founding CEO of EVG, underscored the importance of tangible use cases in driving long-term adoption within the evolving Web3 landscape. He emphasized, “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.”

Against the backdrop of a burgeoning blockchain and creator economies in key Asian markets, EVG and Animoca Brands are poised to capitalize on burgeoning adoption trends and transform the digital landscape. Their collaborative efforts reflect a steadfast commitment to innovation, with a shared belief in the transformative power of Web3 technologies.