Animoca Brands Partners with MultiversX, Stepping into the Role of Ecosystem Validator and Contributor
In Brief
Animoca Brands has officially joined the MultiversX ecosystem in the capacity of both a validator and contributor, aiming to forge synergies among its extensive network of over 540 portfolio companies and the MultiversX blockchain infrastructure.
Distributed public blockchain, MultiversX announced today that Animoca Brands has entered the ecosystem as both a validator and a contributor. This partnership seeks to establish synergies across Animoca Brands, its vast network of over 540 companies, and the innovative MultiversX blockchain, leveraging advanced development frameworks like Sovereign Chains.
Founded in 2014 as a mobile gaming entity, Animoca Brands made a significant pivot to Web3 in 2018, coinciding with the advent of tokenization frameworks. Now, it's recognized as a leading and proactive investor and innovator in the Web3 landscape.
Based in Hong Kong and operating globally with various offices and subsidiaries, Animoca Brands was an early investor in landmark projects such as OpenSea, Decentraland, and The Sandbox, which it acquired back in 2018. With an investment portfolio that includes over 540 ventures, Animoca primarily concentrates on gaming, digital collectibles, open worlds, and blockchain infrastructure.
MultiversX Introduces Staking V4, Increasing Validator Participation and Strengthening Network Security
MultiversX Recently, MultiversX successfully conducted a community discussion, governance vote, and rolled out the fourth phase of its staking program (Staking V4). With over 3,300 validator nodes operational, MultiversX stands as the second-largest Proof-of-Stake (PoS) ecosystem. The Staking V4 update has enhanced the Nakamoto Coefficient of the network by 50%. This progression allows new validators to join without the previous queue restrictions, which mandated waiting for other validators to exit.
Animoca Brands, as a validator illustrates how Staking V4 has streamlined and incentivized the provision of staking services on MultiversX. Notably, its staking pool has exceeded 100,000 EGLD.
Moreover, promising startups that resonate with Animoca Brands ’s vision and are nurtured through xLaunchpad—a highly exclusive Web3 accelerator with an acceptance rate of only 0.5%—can seek support from a frontrunner in digital entertainment and gamified experiences.
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