Animoca Brands, a prominent blockchain investment firm, has finally broken its silence on its plans for blockchain development, revealing a bold new approach that has left the community abuzz.

In a recent announcement, Animoca Brands revealed that it is undergoing a significant transformation of its Mocaverse, a comprehensive Non-fungible Token (NFT) collection. At the heart of this transformation is the enhancement of interoperability across Decentralized Applications (DApps) and chains.

Animoca Brands is Not Building a Chain

Contrary to the community's request for a new blockchain, Animoca Brands has clarified that it is not launching a chain. Instead, the firm has been focused on building an ecosystem-agnostic platform since its inception. Over the years, Animoca Brands has made strategic investments in various organizations to support the Web3.0 ecosystem.

The next phase of development involves integrating the firm's existing projects into the Mocaverse. According to Animoca Brands, this move will enable the creation of an interoperable infrastructure network that is compatible with any DApp, wallet, or chain.

The ultimate goal is to accumulate the value of the Animoca Brands network into the Mocaverse, which currently supports over 450 portfolio companies within its ecosystem. This network has already gained traction, with more than 700 million addressable users exposed to various infrastructure products such as interoperable accounts, digital identity, and on-chain reputation.

Interoperability Services Expand Reach

As the Mocaverse continues to grow, it is expected that more partners and users will join the network. This could lead to an increase in shared resource availability and new value generation, with the community being the primary beneficiary. This "flywheel" effect will benefit all stakeholders involved.

Apart from the interoperable infrastructure network, Animoca Brands is also actively working on other projects to enhance the Web3.0 ecosystem. Recently, the firm announced the establishment of an NFT launchpad in Japan, with an official launch scheduled for this summer. The launchpad is open to all interested parties, marking a significant milestone in the firm's efforts to push the boundaries of blockchain technology.