Animoca Brands and Everest Ventures Group (EVG) have strengthened their ties with a strategic deal entailing cross-investments into each other’s projects.
Both companies see a particular potential in emerging blockchain economies in key Asian markets to drive real-world use cases. With the joint mission to make web3 games and experiences more accessible to end users, Animoca will support numerous forthcoming EVG projects including infrastructure layer OpenSocial Protocol, social bounty and reputation network Zeek, turn-based RPG Legend of Aracdia, and 5X war battle simulator Last Odessey.
In terms of EVG, it’s investing in a number of Animoca projects such as Bitcoin metaverse studio Darewise, onchain chess game Anichess, and membership NFT collection Mocaverse.
EVG co-founding CEO Allen Ng commented, “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.”
Animoca Brands co-founder and chairman Yat Siu added, “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.”
