Cryptocurrency News

A Strategic Partnership announced between Binance Smart and Animoca Brands

According to the recent reports, a strategic partnership has been announced between Binance Smart Chain and Animoca Brands. Animoca Brands has revealed that as a result of the partnership, Animoca Brands will be expanding its innovation in the gaming tokenization sector. Currently, the company is responsible for creating tokens that are used to acquiring gaming assets.

With the use of the Binance Smart Chain, Animoca will be expanding its tokenization on the preferred blockchain infrastructure. Animoca has revealed that it will be done after selecting the appropriate blockchain projects.

Binance Smart Chain is a platform based on the blockchain network that has been developed by Binance and the community of Binance.

Binance Smart Chain has also revealed the role it is expected to play in the partnership. It has announced that its development and infrastructure teams will be playing an advisory role alongside Animoca Brands. It will guide and advise Animoca Brands in areas such as market fit, blockchain technology, and products.

On the other hand, Animoca Brands will be introducing more virtual assets and products through the Binance Smart Chain.

The most important factor of the partnership between Binance Smart Chain and Animoca Brands is innovation in blockchain and tokenization system. Both companies will share expertise with each other to introduce innovation in the blockchain system and infrastructure.

In addition to the above, the companies will also work together to find more use cases where they can adopt tokenization technology for other virtual assets and facilitate their users.

Both firms are aiming to gain as much knowledge and information from each other from their fields of expertise. Together, the firms aim to achieve advancements and developments in the blockchain as well as tokenization technologies.

Animoca Brands has revealed that its partnership with Binance Smart Chain does not mean that they aim to excel in the gaming industry. Their aim is to practice and expand their services from gaming to other entertainment sectors. The company has made it clear that by focusing on the gaming sector, both companies with be doing injustice to each other’s capacities, capabilities, and potentials.

The aim of both companies is to bring so much innovation into the virtual gaming and blockchain industry that it reaches out to the mainstream sector. By combining their forces, the companies aim to gain the trust and interest of the mainstream institutions.

The chairman and co-founder of Animoca Brands, Yat Siu also shared his thoughts on the recent partnership that has taken place between the two companies.

Siu stated that he is extremely excited about the deal that has been finalized between the two companies. With this partnership, both companies are destined to achieve new milestones and are eager to achieve mainstream recognition

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