Web3: Animoca Brands, the Firm Advancing Digital Property Rights for Gaming and Metaverse, Joins Celo Ecosystem

The team at Celo is pleased to announce that Animoca Brands, the company advancing digital property rights for gaming and the metaverse, joins the Celo ecosystem in order “to scale up Web3 gaming in a shared effort to drive social impact and climate action by leveraging innovative Web3 tools.”

Yat Siu, co-founder and executive chairman of Animoca Brands, said:

“We are thrilled to participate in the Celo ecosystem, which has been deeply committed to last-mile solutions and real-world adoption of Web3 in a truly global manner. We also look forward to collaborating with the Celo Foundation on new ideas that can drive positive impact and change in the world in a collective effort to build trust in blockchain technology.”

Rene Reinsberg, Celo co-founder and Celo Foundation president, said:

“The Celo ecosystem welcomes Animoca Brands. [They have] done so much for onboarding people to Web3 as a respected industry leader known for its pioneering projects in digital entertainment and gaming… with our combined communities, we hope to onboard the next billion users into Web3.”

Animoca Brands joins Celo’s Alliance for Prosperity “as the first entertainment and gaming steward among Celo’s over 100 members committed to the mainstream adoption of blockchain technology.”

They will also become “a validator on Celo to support the network’s security, joining Deutsche Telekom, Coinbase Ventures, and a16z, among others.”

Additionally, Animoca Brands and the Celo Foundation are in discussion “to partner on strategic initiatives and to explore new deployments and integrations geared towards social impact and climate action.”

As covered, Celo, the carbon-negative, mobile-first EVM-compatible layer-1 blockchain is now integrated with Safe, the self-custody infrastructure provider and trusted decentralized custody protocol.

Users and builders can now use Safe’s custody and asset management solution “natively on the Celo blockchain.”

The events of the past year “have underscored the need for robust, secure, and self-custodial asset management solutions.” This integration is set “to provide the emerging Celo ecosystem with a more robust security standard through Safe’s composable smart accounts.”

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