Mobile Game Developer Animoca Brands Partners With 6 Blockchain Startups

Hong Kong Based Game Developer Animoca Brands Enters into a Partnership with 6 Blockchain Startups

A mobile game developer based in Hong Kong, Animoca Brands (AB1), has invested in six blockchain startups namely I-House, Harmony, OST, Musicoin (MUSIC), LikeCoin (LIKE), and Datum (DAT).

As per the announcement, the company will conduct mutual investment with each of the startups through share and token swaps amounting to $1 million. It will also price its stock at about $0.07 for the sale.

Animoca Brands partnership and mutual investment with six leading blockchain companies.
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— Animoca Brands (@animocabrands) October 15, 2018

Sludgefeed recently spoke about the partnership, with the chairman and co-founder of Animoca Brands, Yat Siu, said that:

“The partnerships announced today bring the number of our strategic investments in blockchain to 17, accelerating our capabilities in this space….We continue to seek the best available specialized technology solutions to use in our products and those of our portfolio companies, like Zeroth, and we are therefore thrilled to have signed these deals with Datum, LikeCoin, Musicoin, OST, Harmony, and I-House.”

Collaboration to Develop Blockchain-Powered Apps

Animoca hopes to collaborate with each of the size companies to develop blockchain-powered apps, as well as implement blockchain technologies in order to increase the adoption rate and value and utility of partner’s digital token.

The announcement of these major partnerships comes a little over a week following Animoca’s agreement with Decentraland (MANA) in order to come up with two games for the firm’s Ethereum-powered platform.

Earlier on, Animoca also joined hands with OST to build blockchain games by utilizing the OST technology and the OpenST Protocol.