Cudos announced today that
Animoca Brands, which recently achieved unicorn status following an $88,888,888 funding round, has joined the Cudos ecosystem as a shareholder and token holder. The partnership is set to accelerate the growth of Cudos Network's user base and decentralized application library.
Founded in 2014 and based in Hong Kong, Animoca Brands specializes in digital entertainment, blockchain gaming, nonfungible tokens and artificial intelligence, and is the latest global brand and ecosystem to partner with Cudos.
Ranked in the Financial Times' list of High-Growth Companies in Asia-Pacific 2021, Animoca Brands has built a sizable portfolio of blockchain technologies and investments, including Dapper Labs (NBA Top Shot), Axie Infinity, and OpenSea. The partnership between Cudos and Animoca Brands will focus on bringing developers and users to the Cudos Network to grow value for the ecosystem.
By bridging the gap between gaming, blockchain, decentralized finance and NFTs, the partnership will further enhance Animoca Brands' ecosystem with a highly scalable, low-cost layer-one blockchain and layer-two scaling network for new or multi-chain strategy blockchain gaming and NFT projects within its industry-leading portfolio. Therefore, the combined technology and services will have the potential to benefit millions of gamers, both within Animoca Brands' ecosystem and Cudos' fast-scaling partner ecosystem, including semi-conductor giant AMD and its global community of over 100 million gamers.
With Cudos' mainnet due to launch in 2021, the partnership is set to significantly raise the profile of the Cudos Network, encouraging a new wave of adoption from the gaming and blockchain space.
Yat Siu, chairman and co-founder of Animoca Brands, commented:
œWe are thrilled to invest in Cudos and its highly scalable, low-cost layer-one and -two solutions that look to be ideally suited for blockchain gaming and NFT-based initiatives. We look forward to collaborating on various projects.
About Animoca Brands
Animoca Brands, ranked in the Financial Times' list of Asia-Pacific High-Growth Companies 2021, is a leader in digital entertainment, blockchain, gamification and artificial intelligence. Animoca Brands has developed and published a broad portfolio of products including REVV and SAND tokens; original games, including The Sandbox, Crazy Kings and Crazy Defense Heroes; and products utilizing popular intellectual properties, including Formula 1®, Marvel, WWE, Power Rangers, MotoGP„¢ and Doraemon. Its portfolio of blockchain investments and partnerships includes Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties and NBA Top Shot), OpenSea, Harmony, Bitski and Alien Worlds. Its subsidiaries include The Sandbox, Quidd, Gamee, nWay, Pixowl and Lympo. For more information, visit Animoca Brands' website or get updates by following Animoca Brands on Facebook or Twitter.
About Cudos
The Cudos Network is a layer-one blockchain and layer-two computation and oracle network that ensures decentralized, permissionless access to high-performance computing at scale and enables scaling of computing resources to 100,000 nodes. Once bridged onto Ethereum, Algorand, Polkadot and Cosmos, Cudos will enable scalable computing and layer-two oracles on all of the bridged blockchains. Cudos is also running a second round for its Cudos token on AscendEX.
Source:-https://cointelegraph.com/press-releases/animoca-brands-invests-in-cudos
