KEY TAKEAWAYS
- Animoca Brands partners with GEODNET to enhance mixed-reality gaming using advanced location technology.
- The collaboration aims to integrate precise location data into consumer applications, bridging physical and virtual worlds.
- GEODNET’s technology will support the Mocaverse network, fostering growth in Web3 and location-based experiences.
- Both companies anticipate the partnership will drive innovative use cases for Web3 gaming and ownership experiences.
On October 29, 2024, Animoca Brands, a leader in digital property rights for gaming and the open metaverse, announced a strategic partnership with GEODNET, the world’s largest decentralized Real-Time Kinematics (RTK) network. This collaboration aims to advance mixed-reality gaming and immersive experiences by integrating cutting-edge location technology into consumer applications.
Animoca Brands has also invested in GEODNET to bolster its growth within the Decentralized Physical Infrastructure Network (DePIN) community. This investment is expected to drive the development of advanced location and mixed-reality technologies, bridging the gap between the physical and virtual worlds.
GEODNET will collaborate closely with Mocaverse, Animoca Brands’ flagship consumer network, which features an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems. This partnership will facilitate network growth and explore precise location integration into various consumer applications within the Moca Network.
Yat Siu, co-founder and executive chairman of Animoca Brands, expressed enthusiasm for the partnership, stating, “We are excited about GEODNET’s ultra-precise location technology, which opens up new possibilities for mobile and gaming experiences. Its DePIN of Satellite Miners provides centimeter-level accuracy, enabling developers to create engaging mixed-reality applications that seamlessly blend digital and physical worlds. We’re also thrilled to welcome GEODNET into both the Moca Network and the broader Animoca Brands ecosystem, where its innovative technology can drive the next generation of location-based Web3 experiences.”
Mike Horton, project creator of GEODNET, added, “We believe Web3 gaming and ownership experiences will drive novel future use cases for GEODNET’s precise Proof-of-Location, so we are thrilled to partner with Animoca Brands and the Mocaverse community.”
GEODNET recently passed a governance initiative (GIP4), paving the way for Web3 mobile apps powered by its precise location technology. The partnership between Animoca Brands and GEODNET aims to accelerate the fusion of blockchain with real-world experiences.
For more details, the official announcement can be found here.
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