XYRO receives strategic investment from and collaborates with Animoca Brands
14 July 2024 - XYRO, the world's first gamified social trading platform, has announced that it has received a strategic investment from and is collaborating with Animoca Brands, the company driving digital property rights via NFTs and gaming to help build the open metaverse. As part of the collaboration, Animoca Brands will leverage its resources to support XYRO and its gaming platform as it works to reshape the landscape of blockchain gaming.
XYRO, known for its innovative approach to crypto gamification, will use the strategic investment to enhance its gaming platform and accelerate its growth, combining XYRO's unique game mechanics with Animoca Brands' expertise in creating immersive, blockchain-based experiences.
Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 450 investments. Its mission is to advance digital property rights and decentralized projects to help build the open metaverse.
"The investment from and collaboration with Animoca Brands represents a pivotal step in our journey," said Vlad Sadkov, CEO of XYRO. "With Animoca Brands’ backing, we are poised to expand our reach and continue developing engaging and revolutionary gaming experiences."
Yat Siu, the co-founder and chairman of Animoca Brands, commented: "The majority of gamers play games for social reasons, and XYRO has demonstrated strong innovation in its approaches to combining GameFi with SocialFi. We are excited to invest in and collaborate with this team to continue to push the boundaries of what’s possible in crypto gaming."
The investment and collaboration are expected to assist XYRO in enhancing its product offerings and expanding its user base globally as the company taps into new markets and demographics.
About XYRO
XYRO is the world's first gamified social trading platform, blending GameFi and SocialFi. We’re leveraging the power of gamification to revolutionize trading and participation in Web3 space, making crypto both accessible and attractive.
For more information visit x.com/xyro_io or follow on X (Twitter), Telegram and join XYRO’s Discord server.
About Animoca Brands
Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies of 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 450 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.
Contacts
Founder & CEO of XYRO: ceo@xyro.io
Animoca Brands: press@animocabrands.com