• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Strategic Investment by Animoca Brands in IoTeX: A New Development Stage

Strategic Investment by Animoca Brands in IoTeX: A New Development Stage

user avatar

by Giorgi Kostiuk

2 hours ago

Animoca Brands has announced its strategic investment in the fintech company IoTeX aimed at integrating real-world data into decentralized systems.

Animoca Brands' Investment in IoTeX

Animoca Brands, a well-known company in the blockchain gaming and metaverse ecosystem, announced a strategic investment in IoTeX (IOTX). As part of this investment, Animoca Brands will become a validator in the IoTeX network and contribute as an ecosystem partner.

Role and Achievements of IoTeX

Since 2017, IoTeX has provided infrastructure for 40 million devices and over 100 projects in sectors such as mobility, robotics, energy, and healthcare. The goal of the project is to enable AI systems to see, understand, and interact with the physical world.

Market Reaction to Events

Following the partnership announcement, the price of IOTX rose by 5.98% and is currently trading at $0.03032. This collaboration provides new capital, expertise, and global reach opportunities that will strengthen IoTeX's ecosystem.

Animoca Brands’ investment in IoTeX opens new horizons for both projects, enhancing IoTeX's position in the decentralized technology and privacy market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

How Nvidia's Reports Affect Cryptocurrencies: Market Fluctuations Analyzed

chest

Nvidia's earnings report triggered fluctuations in the cryptocurrency market. We explore the impact on Bitcoin and growth predictions.

user avatarGiorgi Kostiuk

Former PBOC Chief Warns Against Expansion of Stablecoins in China

chest

Zhou Xiaochuan expresses skepticism over stablecoins' benefits to China's financial system.

user avatarGiorgi Kostiuk

MANTRA Initiates $25 Million Token Buyback for OM

chest

MANTRA AG announces a $25 million buyback for OM tokens, reinforcing its position in the real-world asset sector.

user avatarGiorgi Kostiuk

U.S. Imposes Sanctions on International Crypto Fraud Network Supporting North Korea

chest

The U.S. has sanctioned a crypto network from North Korea, Russia, and China involved in financial fraud.

user avatarGiorgi Kostiuk

Massive Ethereum Withdrawals from Binance Tighten Exchange Supply

chest

Ethereum withdrawal volumes from Binance have increased, signaling a shift towards self-custody. Total outflows reached around $1 billion.

user avatarGiorgi Kostiuk

REX-Osprey Files for BNB ETF Featuring Staking Yield

chest

REX-Osprey has filed with the SEC for a BNB ETF featuring staking yield, increasing interest in crypto ETFs.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.