Animoca Brands Invests in IoTeX
Animoca Brands, a prominent player in the blockchain gaming and metaverse landscape, has announced a strategic investment in IoTeX (IOTX), a company that focuses on developing infrastructure projects centered around real-world data and artificial intelligence.
As a part of this investment, Animoca Brands will assume the role of a validator within the IoTeX network and will actively contribute to the project as an ecosystem partner.
In a statement, the company expressed that this partnership will expedite IoTeX’s objective of incorporating real-world data into verifiably decentralized systems.
Founded in 2017, IoTeX has created infrastructure for 40 million devices and over 100 projects across various sectors, including mobility, robotics, energy, and healthcare. The project’s ambition is to enable artificial intelligence systems to perceive, comprehend, and engage with the physical world.
This collaboration will bring in new capital, specialized knowledge, and opportunities for global expansion that will enhance IoTeX’s ecosystem.
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Following this announcement, the price of IOTX increased by 5.98% and is currently trading at $0.03032.
Animoca Brands is recognized as the force behind the altcoin and game The Sandbox (SAND) and is also the developer of Axie Infinity (AXS), which has been one of the most influential projects in its era.
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