The Arbitrum Foundation in the cryptocurrency world is expanding its horizons. They've announced a partnership with Azuki, a well-known NFT brand, and the Weeb3 Foundation. Their goal? To create a web3 network tailored for anime enthusiasts.

The joint statement reveals a vision to "usher in a new era of anime fandom by harnessing web3 technology to enhance the anime experience for millions globally, offering both official and fan-created anime content, games, merchandise, and NFTs."

This endeavor has been dubbed AnimeChain. Nina Rong, leading ecosystem development at the Arbitrum Foundation, expressed enthusiasm, saying:

"Arbitrum's cutting-edge blockchain scaling technology will enable AnimeChain to revolutionize the anime experience for fans and creators worldwide."

Just this month, the Arbitrum Foundation unveiled plans to invest 200 million ARB (currently valued at $344 million) over two years to elevate blockchain-based gaming projects. Additionally, they're funding a feature film by Oscar-winner Shane Boris.

Web3 and the Anime Market

The statement highlights the scattered experience anime fans encounter in web3. Moreover, the global anime industry is projected to reach $60 billion by 2030, establishing itself as one of the fastest-growing sectors in global entertainment.

Azuki CEO Zagabond expressed pride, stating: "We're thrilled to be the inaugural launch partner for AnimeChain, offering a fresh approach to creating and enjoying anime IP."

Azuki, a prominent NFT project, has gained attention in recent years, developed by Chiru Labs based in Los Angeles. Meanwhile, Weeb3 Foundation is credited as the brains behind AnimeChain.

Amidst these developments, attention turns to the price of Arbitrum (ARB), which stands at $1.6753 at the time of writing.

In conclusion, the collaboration between Arbitrum and Azuki represents a significant step in reshaping the anime landscape with innovative technology. As the global anime market continues to flourish, AnimeChain promises to offer a unified platform for fans and creators alike to engage with anime content in exciting new ways.