{"id":10114,"date":"2021-09-17T21:44:07","date_gmt":"2021-09-17T20:44:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=10114"},"modified":"2021-09-17T21:44:14","modified_gmt":"2021-09-17T20:44:14","slug":"animoca-brands-an-nft-gaming-company-acquires-a-majority-stake-in-bondly","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/animoca-brands-an-nft-gaming-company-acquires-a-majority-stake-in-bondly\/","title":{"rendered":"Animoca Brands, an NFT gaming company, acquires a majority stake in Bondly"},"content":{"rendered":"\n
Through its investment in Bondly, the blockchain <\/a>game developer Animoca hopes to improve cross-chain utilization of NFTs.<\/h5>\n\n\n\n
\"Animoca<\/figure>\n\n\n\n

Animoca Brands, a game developer\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> specializing in nonfungible tokens (NFTs), has announced a significant investment in the nonfungible token (NFT) platform Bondly.<\/p>\n\n\n\n

Following the investment, according to a press release issued on Friday, Animoca will hold a majority stake in Bondly.<\/p>\n\n\n\n

Yat Siu, chairman and co-founder of Animoca, provided the following explanation for the company's investment in Bondly:<\/p>\n\n\n\n

\u201cWe acquired a majority stake in Bondly because it will significantly assist us to drive true digital ownership via NFTs<\/a>, and we see this as crucial to the future of gaming and the emergence of the open metaverse.\u201d<\/p><\/blockquote>\n\n\n\n

It is anticipated that Bondly's NFT technology, which includes launchpad and cross-chain bridges, will be integrated into Animoca's gaming products as a result of the investment.<\/p>\n\n\n\n

Bondly's suite of NFT technology solutions, according to the announcement, will be used to enable gamers to transfer in-game NFT assets across different blockchain networks.<\/p>\n\n\n\n

As previously reported by Cointelegraph, the CEO of Animoca stated that the company believes Bondly's products are extremely relevant to the blockchain game developer and its subsidiaries.<\/p>\n\n\n\n

\u201cWe believe Bondly's NFT <\/a>swap protocol, marketplace, and cross-chain NFT minting and bridges have a wide range of potential applications,\u201d Siu told Cointelegraph.<\/p>\n\n\n\n

This investment in Bondly is the most recent in Animoca's spending spree, which has been ongoing since the company's successful capital raise in May, which pushed the company's valuation to $1 billion.<\/p>\n\n\n\n

In order to further expand its presence in the NFT technology<\/a> sector, Animoca is on the lookout for even more NFT tech companies, according to Siu.<\/p>\n\n\n\n

Animoca currently has investments in more than 100 companies, including well-known names in the NFT space such as OpenSea and Dapper Labs, as well as smaller startups.<\/p>\n\n\n\n

The acquisition of Animoca comes as a result of a security breach that occurred at Bondly in July. At the time, the project's native token experienced a 60 percent decline following reports of a suspected hack.<\/p>\n\n\n\n

Bondly CEO Harry Liu told Cointelegraph that the project has upgraded its security infrastructure <\/a>as a result of the hack and that the protocol has seen significant improvements as a result of the upgrade.<\/p>\n","protected":false},"excerpt":{"rendered":"

Through its investment in Bondly, the blockchain game developer Animoca hopes to improve cross-chain utilization of NFTs. Animoca Brands, a game developer specializing in nonfungible tokens (NFTs), has announced a significant investment in the nonfungible token (NFT) platform Bondly. Following the investment, according to a press release issued on Friday, Animoca will hold a majority […]<\/p>\n","protected":false},"author":13,"featured_media":10138,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4464,1497,4465,470],"class_list":["post-10114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-animoca","tag-bondly","tag-gaming-company","tag-nfts"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/image-151.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=10114"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/10138"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=10114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=10114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=10114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}