Animoca Brands announced its intention to acquire additional EDU tokens from the open market. EDU serves as the governance and utility token for Open Campus, in addition to being a community-led protocol encompassing educators, parents, students, and content creators.
Animoca Brands provides digital property rights to internet users and gamers while also developing a new digital asset class, a more equitable virtual framework, and play-to-earn economies to aid in the development of an open Metaverse.
Since the inception of Animoca Brands in 2018, the team has strived to create a new reality of virtual ownership through numerous explainers and thought pieces. The platform is popularly known for being a Fortune Crypto 40 firm, a Deloitte Tech Fast winner, and one of the High Growth Companies Asia-Pacific 2023 by Financial Times. It is a pioneer in the Web3 space that leverages crypto and Blockchain technologies to deliver virtual property rights and help develop an open Metaverse.
The platform creates and publishes a broader portfolio of gaming products, such as original games, including Crazy Defense Heroes, Life Beyond, Phantom Galaxies, and The Sandbox, as well as products using well-known intellectual properties in the world of entertainment and sports. Some notable examples are Power Rangers, Formula E, The Walking Dead, and MotoGP.
The Anomica Brands team sees the work of its partners, such as Open Campus and the EDU token, as having significant potential for incentivizing the creation of high-quality informative and educational content, thereby driving greater adoption and acceptance of Blockchain and crypto technologies among creators.
Animoca Brands and its TinyTap subsidiary are significant Open Campus launch collaborators. Blowfish Studios, The Sandbox, Quidd, GAMEE, Forj, Lympo, nWay, Pixowl, Darewise Entertainment, Animoca Brands Japan, Eden Games, Grease Monkey Games, TinyTap, Be., Notre Game, PIXELYNX, Gryfyn, and WePlay Media are other subsidiaries of Animoca Brands.
Animoca Brands is also an active investor in the Web3 space, with a strong portfolio of more than 400 investments directly through Animoca Ventures, such as Axie Infinity, Yuga Labs, Polygon, Consensys, Dapper Labs, Fireblocks, OpenSea, Yield Guild Games, and Alien Worlds, to name a few.
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