<\/p>\n
Astar Network is teaming up with Animoca Brands to grow its Sony-powered blockchain ecosystem and onboard more users to web3 through entertainment.<\/p>\n
Astar Network, a parachain within the Polkadot ecosystem, has secured a strategic investment from Animoca Brands, as both companies look to bring more Japanese and Asian entertainment IP onchain and grow adoption of Sony\u2019s layer-2 network Soneium.<\/p>\n
In a press release shared with crypto.news, Animoca Brands co-founder Yat Siu said the investment \u201caligns perfectly with our mission to advance digital property rights and the open metaverse,\u201d adding that Astar\u2019s focus on onchain entertainment IP, especially in Japan and Asia, offers a unique chance to speed up web3 adoption. The investment size hasn\u2019t been disclosed.<\/p>\n
The partnership will include integrations such as Anime ID, a digital identity layer powered by Animoca\u2019s Moca Network and partner San FranTokyo. Additionally, Astar is also planning to launch entertainment-focused campaigns like Anime Art Fest on Soneium, per the press release.<\/p>\n
<\/p>\n
\n\u201cAs one of the most active investors in the web3 space, Animoca Brands understands the direction the ecosystem is heading, and we take their support as confirmation that our efforts are contributing to the long-term success of blockchain and digital assets.\u201d<\/p>\n
Sota Watanabe, founder of Astar Network<\/p>\n<\/blockquote>\n
The news comes as Animoca Brands prepares to go public in the United States. Siu earlier said the IPO won\u2019t depend on market conditions, adding that \u201cgoing public is a way to tell the world that \u2018hey there\u2019s a business that is in crypto that isn\u2019t doing the typical crypto stuff.’\u201d<\/p>\n
Siu also pointed to the shift in regulatory stance under the Trump administration as a key reason for moving forward but didn\u2019t provide a clear timeframe for the public listing, saying it was a unique moment and that it would be a wasted opportunity not to try.<\/p>\n
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Astar Network is teaming up with Animoca Brands to grow its Sony-powered blockchain ecosystem and onboard more users to web3 through entertainment. Astar Network, a parachain within the Polkadot ecosystem,…<\/p>\n","protected":false},"author":1,"featured_media":300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=299"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/299\/revisions"}],"predecessor-version":[{"id":301,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/299\/revisions\/301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/300"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}