Animoca brands’ portfolio includes blockchain investments and partnerships like Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties), and OpenSea.
The company aims to deliver digital property rights to the world’s gamers and Internet users.
The Sandbox subsidiary of Animoca brands concluded a 93 million dollars funding round in early November.
NFT-based metaverse gaming platform Sandbox implements the play-to-earn model.
Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain. Sandbox implements the play-to-earn model.
Play-to-earn is the name of this business model. Players earn crypto rewards for time spent in the Metaverse.
In-game NFT tokens generate revenue for the players and give control to users.
Players can buy land and create nonfungible tokens (NFT) within the game. And earn the Sandbox token (SAND) by completing various quests. They can also stake the token.
The Sandbox uses several token types. ERC-20 token sand within The Sandbox is the basis for all the ecosystem’s transactions and interactions.
LAND is a digital piece of real estate in The Sandbox metaverse. Each LAND is a unique (non-fungible) token on the public Ethereum blockchain (ERC-721). ASSETS: A token created by players who build/assemble user-generated content (UGC).
Creators create assets and sell them as NFTs. Some Of the Gameplay Elements are NPCs, Quests, Enemies & Mobs, Avatar, Collectables
More than 200 brands or celebrities have partnered with The Sandbox including Snoop Dogg, Adidas, The Walking Dead, and Warner Music Group.
The Sandbox partnered with Warner Music Group, or WMG, to create a musical theme park and concert venue. The venue is within the gaming metaverse. The Sandbox will host concerts by artists and talent represented by WMG.
Games built using blockchain game development companies are decentralized. The gamer will have complete access to the entire procedure.
The process will be transparent to the user and anyone who has access to it. So, with blockchain technology, anyone can have ownership of a part of the game.
Users can create game-like Axie Infinity and Sandbox using blockchain game development companies.
Blockchain game development powers decentralization. The entire game can be globally hosted across many user-run nodes.
Animoca Acquired Eden Games to Make Crypto Racing Games After F1 Shutdown. Eden Games will develop NFT-powered games in Animoca’s REVV Racing ecosystem.
Founded in 1998, Eden Games is best known for developing console and PC racing games like the Test Drive Unlimited series and Need for Speed: Porsche Unleashed. Club and F1 Mobile Racing. Animoca acquired the studio from Engine Gaming & Media for 16 million dollars.
The REVV Racing ecosystem includes the titular NFT-powered racing game, which is based on the Ethereum sidechain scaling solution Polygon. All of Animoca’s racing games are play-to-earn experiences built around the REVV token.
Animoca Brands has raised 75 million dollars at a valuation of 5.9 billion dollars.
Investors backing Animoca include Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, and Cosmic Summit Investments Limited.