KEY TAKEAWAYS
- Animoca Brands joins MultiversX as a validator and contributor, aiming to enhance the blockchain ecosystem through collaboration.
- The partnership leverages Animoca Brands’ extensive portfolio and MultiversX’s development tools to boost Web3 adoption in gaming and entertainment.
- MultiversX’s recent staking upgrade, Staking V4, improves network security and allows new validators like Animoca Brands to join seamlessly.
- Startups aligned with Animoca Brands’ vision can apply for support through the xLaunchpad accelerator, fostering innovation in digital entertainment.
On February 26, 2025, MultiversX announced that Animoca Brands has joined its ecosystem as a validator and contributor. This collaboration aims to leverage synergies between Animoca Brands, its extensive portfolio of over 540 companies, and the MultiversX blockchain network. The partnership will utilize development tools such as Sovereign Chains to enhance the ecosystem.
Animoca Brands, originally a mobile game company established in 2014, pivoted to Web3 in 2018. It has since become a significant investor and builder in the blockchain industry. Based in Hong Kong, Animoca Brands was an early supporter of platforms like OpenSea, Decentraland, and The Sandbox, acquiring the latter in 2018. Its investment portfolio focuses on gaming, digital collectibles, open worlds, and infrastructure.
MultiversX recently completed a successful community discussion, governance vote, and implementation of its phase four staking upgrade, known as Staking V4. This upgrade has improved the network’s Nakamoto Coefficient by 50% and allows new validators to join the network based on their amount of EGLD staked, without waiting for other nodes to leave. Animoca Brands has already established a staking pool with over 100,000 EGLD, benefiting from the new system.
Yat Siu, co-founder and executive chairman of Animoca Brands, expressed enthusiasm about the partnership, stating, “Animoca Brands is thrilled to be a validator and contributor for MultiversX. Together, we aim to redefine the gaming industry’s landscape, empower users, and accelerate the adoption of Web3.”
Beniamin Mincu, CEO of MultiversX Foundation, highlighted the importance of the collaboration, noting that MultiversX’s contributions, such as the on-chain 2FA mechanism and native assets, are crucial for the next wave of consumer apps built on-chain. He emphasized the potential for Animoca Brands to boost Web3 adoption in gaming and entertainment.
Additionally, startups that align with Animoca Brands’ vision and are incubated on xLaunchpad, a selective Web3 accelerator, will have the opportunity to apply for support from Animoca Brands. This initiative aims to foster innovation and growth within the digital entertainment and gamified experiences sectors.
For more details, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Animoca Brands has joined MultiversX as a validator and ecosystem contributor, marking a significant collaboration aimed at enhancing the MultiversX blockchain network and fostering Web3 adoption in gaming.
Recent industry reports indicate a net increase in staked eGLD, reflecting growing participation and interest in the MultiversX network. This aligns with Animoca Brands’ involvement, which is expected to further boost network activity and adoption.
As per insights from Yat Siu, co-founder of Animoca Brands, Web3 gaming is poised to be a key entry point for broader crypto adoption in 2025. This supports the significance of Animoca’s partnership with MultiversX in driving Web3 gaming and blockchain integration.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
