Animoca Brands has entered a strategic partnership with Ava Labs to expand the Avalanche blockchain, Cointelegraph reported on March 19.
The cooperation targets the Asia and Middle East markets and focuses on strengthening real-world asset tokenisation, digital identity and entertainment.
Animoca plans to provide capital and consulting to Avalanche-based projects and support business expansion by using its network in Asia and the Middle East. The goal is to broaden Avalanche's presence in the digital asset market by connecting with institution- and government-backed projects.
The partnership supports digital asset projects that require highly scalable infrastructure. The two sides plan to work with Avalanche developers to seek product integration and funding opportunities. They also plan to focus on building tokenised asset and digital identity systems in the Middle East and Asia.
Chi-gyu Hwang
delight@d-today.co.kr