Animoca Brands invests in Cudos
04 June 2021 -- HONG KONG -- Animoca Brands announced today that it has invested in and partnered with the decentralized cloud computing network Cudos.
The Cudos Network is a layer-one blockchain and layer-two computation and oracle network that ensures decentralized, permissionless access to high-performance computing at scale and enables scaling of computing resources to hundreds of thousands of nodes. Once bridged to Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.
By bridging the gap between gaming, blockchain, decentralized finance and NFTs, the partnership will further enhance Animoca Brands’ ecosystem with a highly scalable, low-cost layer-one blockchain and layer-two scaling network for new or multi-chain strategy blockchain gaming and NFT projects.
Yat Siu, chairman and co-founder of Animoca Brands, commented, “We are thrilled to invest in Cudos and its highly scalable, low-cost layer-one and -two solutions that look to be ideally suited for blockchain gaming and NFT-based initiatives. We look forward to collaborating on various projects.”
Nuno Pereira, vice president of partnerships at Cudos, said, “Animoca Brands and Cudos are strong believers in bringing NFTs and DeFi in gaming to millions of users. This is a hugely significant partnership for Cudos, particularly in terms of user growth and network adoption. Animoca Brands’ consumer focus is well aligned with our vision, offering the potential for large-scale gamer adoption of Cudos technology and developers building DApps on Cudos Network.”
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About Animoca Brands
Animoca Brands, ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, gamification, and artificial intelligence. Animoca Brands develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1®, Marvel, WWE, Power Rangers, MotoGP™, and Doraemon. Its portfolio of blockchain investments and partnerships includes Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties and NBA Top Shot), OpenSea, Harmony, Bitski, and Alien Worlds. Its subsidiaries include The Sandbox, Quidd, Gamee, nWay, Pixowl, and Lympo. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.
Animoca Brands global contact: press@animocabrands.com