Animoca Brands is teaming up with Celo to promote the growth of Web3 gaming, emphasizing sustainability and social contributions.

Animoca Brands has made its strategic move into the Celo ecosystem to boost Web3 gaming within a mobile-centric infrastructure.

Celo operates as a carbon-negative blockchain that encompasses over 1,000 diverse projects spread across 150+ nations, promoting social responsibility and environmental initiatives. Since its inception on Earth Day 2020, it has processed more than 240 million transactions and reached a market cap of $350 million, effectively offsetting 4,104 tons of CO2 equivalents at the protocol level.

The Celo platform emphasizes mobile usability, featuring intuitive native wallets and decentralized applications (dApps) that facilitate smooth mobile transactions. Users can efficiently synchronize with the peer-to-peer network and utilize stable local currencies to cover transaction costs.

By aligning with the Celo ecosystem, Animoca Brands is set to become the pioneer in entertainment and gaming among Celo’s extensive network of over 100 entities dedicated to the widespread acceptance of blockchain technology, focusing on financial inclusion, innovative project advancements, and educational initiatives centered on blockchain.

Moreover, Animoca Brands plans to join with Deutsche Telekom, Coinbase Ventures, and a16z in the operation of a validator on Celo, contributing to the network's robustness. They are also in talks with the Celo Foundation to collaborate on strategic projects and explore new opportunities that enhance social impact and environmental sustainability.

Yat Siu, co-founder and executive chairman of Animoca Brands, expressed enthusiasm about their involvement in the Celo ecosystem, citing its deep commitment to grassroots solutions and Web3 adoption on a global scale. He expressed eagerness to work hand-in-hand with the Celo Foundation to cultivate new initiatives for positive change and establish trust in blockchain technology. Rene Reinsberg, co-founder of Celo and president of the Celo Foundation, commented on Animoca Brands' longstanding role in facilitating entry into Web3, highlighting its reputation as an industry leader in transformative digital entertainment projects. He went on to say that the mission of Animoca Brands to create more inclusive digital frameworks aligns perfectly with Celo’s vision for fostering prosperity for everyone. Together, they aspire to welcome the next billion users into the realm of Web3. Google Collaborates with Blockchain Companies to Enhance Web3 Startup Initiatives

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