Animoca Brands, one of the well-known companies in the blockchain gaming and metaverse ecosystem, announced a strategic investment in IoTeX (IOTX), which develops infrastructure projects focused on real-world data and artificial intelligence.
As part of this investment, Animoca Brands will become a validator in the IoTeX network and contribute to the project as an ecosystem partner.
The company said in a statement that this collaboration will accelerate IoTeX's mission to integrate real-world data into verifiably decentralized systems.
Since 2017, IoTeX has provided infrastructure for 40 million devices and more than 100 projects in sectors such as mobility, robotics, energy, and healthcare. The project's goal is to enable artificial intelligence systems to see, understand, and interact with the physical world.
This partnership provides new capital, expertise, and global reach opportunities that will strengthen IoTeX's ecosystem.
Following the development, the IOTX price rose by 5.98% and is traded at $0.03032.
Animoca Brands is known as the company behind the altcoin and game The Sandbox (SAND). It's also the developer of Axie Infinity (AXS), one of the most popular projects of its time.
*This is not investment advice.
