Animoca Brands has partnered with Everest Ventures Group (EVG) to launch an investment exchange initiative, where each entity invests in the other. Both organizations are committed to advancing the Web3 ecosystem and promoting its widespread adoption.

As part of their collaboration, the two companies will support each other’s ventures. Animoca Brands will assist with the launch of several EVG consumer products scheduled for this year, including the OpenSocial Protocol, an upgradeable infrastructure layer for social applications; Zeek, a decentralized social bounty network; Last Odyssey, a kingdom simulation game; and Legend of Arcadia, a community-focused, turn-based role-playing game.

In return, EVG will support Animoca Brands' efforts to promote digital property rights by investing in various projects. These include Anichess, an on-chain chess game with a magic system; Darewise, a Web3 studio specializing in the Bitcoin metaverse; and the Mocaverse growth network, which Animoca Brands has developed.

Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, praised EVG as a foundational partner and expressed excitement about deepening their collaboration to support EVG’s diverse initiatives. He believes these initiatives hold significant potential for widespread adoption.

Allen Ng, Co-Founder and CEO of EVG, highlighted Animoca Brands' role in advancing the Web3 agenda and affirmed their commitment to developing transformative digital projects and products. Despite market fluctuations, Animoca Brands and EVG aim to deliver projects that provide genuine utility and foster long-term adoption.

Animoca Brands leverages blockchain technology to promote digital property rights and build the open metaverse. Everest Ventures Group focuses on driving mass acceptance of Web3.