Arbitrum, an Ethereum Layer 2 network, collaborates with the NFT collection Azuki to introduce Japanese animation series, anime, to the blockchain realm.

Dubbed AnimeChain, the platform aims to harness Arbitrum's market capitalization of $4.3 billion, Azuki's expanding anime ecosystem, speed, and broad application base.

With Azuki's anime productions, video games, and physical products at their disposal, they aim to showcase the effectiveness of a decentralized prototype for AnimeChain's IP expansion.

ARB saw a brief price surge from $1.68 to $1.72 and is currently trading at $1.64. Amidst the cryptocurrency market expansion, ARB has decreased by 13%.

According to Coingecko, AZUKI's reduced price is 5.11 ETH, or approximately $17,735. Its market capitalization has risen by 38% in the week prior, reaching $179 million, or 51,120 ETH.

The use of blockchain for product development throughout the anime process is just one of several functions that can be executed with a single click. From their perspective, the potential for increased viewer engagement has existed for some time. This relates to the release of Stylus, which provides enhanced support for programming languages and the option for EVM adaptability.

According to cybercrew, anime has an audience of over 100 million, with approximately 42.5 million being Japanese citizens. The industry's market size is currently valued at $26 billion and is expected to reach $62 billion by 2032.