Animoca Brands announces investment in AVAX tokens to drive Avalanche's expansion in Asia and the Middle East.
TechFlame
2026-03-19 12:00
TechFlame2026-03-19 12:00
English
TechFlame News - According to The Block, Animoca Brands has announced an investment in Avalanche's native blockchain token AVAX and entered into a strategic partnership with Avalanche developer Ava Labs to jointly advance the development of the Avalanche ecosystem.
A spokesperson for Animoca Brands declined to disclose the investment size and other terms. In terms of collaboration, the two parties will focus on deploying capital to Avalanche ecosystem projects, exploring product integration, and providing advisory support, with key areas including real-world asset (RWA) tokenization, entertainment, and digital identity. Regarding geographical deployment, the initial focus will be on Asia and the Middle East. Animoca Brands stated that it has already established regional infrastructure and institutional relationships in these two regions, which can be utilized by Avalanche ecosystem projects for commercial deployment.