Animoca Brands, a prominent player in the Web3 and crypto gaming space, recently announced its partnership with Celo, a mobile-first, carbon-negative blockchain ecosystem.
This partnership aims to accelerate the adoption of Web3 technology while emphasizing sustainability and social impact.
Summary
Animoca Brands and Celo, the crypto collaboration that will revolutionize Web3
By joining the Celo ecosystem, Animoca Brands gains access to Celo’s mobile-first infrastructure, which caters to the vast base of more than 6.4 billion mobile users worldwide.Â
Celo offers easy-to-use native wallets and decentralized applications (dApps) that facilitate frictionless mobile payments and rapid synchronization with the peer-to-peer network.
In addition, Celo enables users to pay transaction fees using stable local assets. Since the mainnet’s launch on Earth Day 2020, Celo has already offset as much as 4,104 tons of carbon dioxide equivalent (tCO2-eq) at the protocol level.
As part of its involvement in the Celo ecosystem, Animoca Brands will join Celo’s Alliance for Prosperity, becoming the first entertainment and gaming steward within this group.
The Alliance for Prosperity consists of more than 100 members who are committed to promoting mainstream adoption of blockchain technology through financial inclusion, innovative project development, and blockchain-focused educational campaigns at the local and regional levels.
Animoca Brands on par with industry giants
In addition to joining the alliance, Animoca Brands will also serve as a validator on the Celo network. By operating a validator node, Animoca Brands contributes to the security and stability of the Celo blockchain. This role aligns Animoca Brands with industry giants such as Deutsche Telekom, Coinbase Ventures, a16z, and many other validators.
Animoca Brands and the Celo Foundation are also exploring strategic partnerships and collaborations focused on social impact and climate action.
Both entities recognize the potential of blockchain technology to bring positive change to the world and intend to leverage their combined expertise to promote meaningful impact and foster trust in the blockchain ecosystem.
Yat Siu, co-founder and executive chairman of Animoca Brands, said he was excited to join the Celo ecosystem. He emphasized Celo’s commitment to the real adoption of Web3 technology and its global reach.
Siu also mentioned the company’s enthusiasm in partnering with the Celo Foundation to generate new ideas that can drive positive change in the world, ultimately building trust in blockchain technology.
Web3: the words of Celo’s co-founder on the new crypto partnership
Rene Reinsberg, co-founder of Celo and president of the Celo Foundation, warmly welcomed Animoca Brands to the ecosystem.
He acknowledged Animoca Brands’ significant contribution to bringing people into the Web3 space, particularly through its innovative projects in digital entertainment and gaming.
Reinsberg emphasized the alignment between Animoca Brands’ mission of creating more equitable digital environments and Celo’s vision of creating conditions of prosperity for all.
Together, these two entities aspire to engage the next billion users in the Web3 ecosystem, leveraging their combined communities to promote growth and inclusiveness.
The enthusiasm and alignment between Animoca Brands and Celo Foundation highlight the transformative potential of Web3 technology. By harnessing the power of blockchain and decentralization, they aspire to build trust and drive positive change in various industries, including gaming, entertainment and beyond.
Their collective efforts will help advance Web3 adoption and unlock new opportunities for individuals and communities around the world.
In conclusion
Bottom line, Animoca Brands’ collaboration with Celo represents a significant step in accelerating the adoption of Web3 technology.
By leveraging Celo’s mobile-first infrastructure, Animoca Brands aims to expand the reach of the Web3 game by prioritizing sustainability and social impact.
Through involvement in the Celo ecosystem and strategic partnerships with the Celo Foundation, Animoca Brands is well positioned to drive positive change and contribute to the global adoption of blockchain technology.
