Peter Zhang
Jul 15, 2024 16:57
XYRO announces strategic investment and collaboration with Animoca Brands to enhance its gamified social trading platform.
XYRO, the world’s first gamified social trading platform, has announced a significant strategic investment and collaboration with Animoca Brands, a leading company driving digital property rights via NFTs and gaming. This partnership aims to reshape the landscape of blockchain gaming, according to Animoca Brands.
Strategic Investment and Collaboration
The collaboration will see Animoca Brands leveraging its extensive resources to support XYRO’s gaming platform. XYRO plans to use this strategic investment to enhance its offerings and accelerate growth, combining its unique game mechanics with Animoca Brands’ expertise in creating immersive, blockchain-based experiences.
Animoca Brands, known for its significant footprint in gamification and blockchain, boasts a portfolio of over 450 investments. The company’s mission is to advance digital property rights and decentralized projects to help build an open metaverse.
Leadership Comments
Vlad Sadkov, CEO of XYRO, expressed enthusiasm about the partnership, stating, “The investment from and collaboration with Animoca Brands represents a pivotal step in our journey. With Animoca Brands’ backing, we are poised to expand our reach and continue developing engaging and revolutionary gaming experiences.”
Yat Siu, co-founder and chairman of Animoca Brands, added, “The majority of gamers play games for social reasons, and XYRO has demonstrated strong innovation in its approaches to combining GameFi with SocialFi. We are excited to invest in and collaborate with this team to continue to push the boundaries of what’s possible in crypto gaming.”
Future Prospects
The strategic investment and collaboration are expected to assist XYRO in enhancing its product offerings and expanding its user base globally. The company aims to tap into new markets and demographics, further solidifying its position in the blockchain gaming industry.
About XYRO
XYRO is the world’s first gamified social trading platform, blending GameFi and SocialFi. It leverages the power of gamification to revolutionize trading and participation in the Web3 space, making cryptocurrency both accessible and attractive.
About Animoca Brands
Animoca Brands, a recognized leader in Web3, leverages blockchain to deliver digital property rights to consumers worldwide, helping to establish the open metaverse. The company develops and publishes a broad portfolio of products, including original games and products utilizing popular intellectual properties from sports and entertainment. Animoca Brands is also one of the most active investors in Web3, with a portfolio of over 450 investments.
Image source: Shutterstock
