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Animoca Brands partners with DDC Enterprise to manage BTC treasury holdings.

Jul 12, 202511 months ago

Contract Type

partnership

China

Description

Animoca Brands has signed a non-binding MOU with DDC Enterprise to manage its Bitcoin treasury holdings. As part of this partnership, Animoca will allocate up to $100 million in Bitcoin to generate yield on these reserves.

Company Information

Company

Animoca Brands

Location

China

About

Animoca Brands, ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, gamification, and artificial intelligence. Animoca Brands develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1®, Marvel, WWE, Power Rangers, MotoGPTM, and Doraemon. Animoca Brands' portfolio of blockchain investments and partnerships includes Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties and NBA Top Shot), OpenSea, Harmony, Bitski, and Alien Worlds. Its subsidiaries include The Sandbox, Quidd, Gamee, nWay, Pixowl, and Lympo. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter. Photo - https://mma.prnewswire.com/media/1509232/Animoca_Brands_Logo.jpg SOURCE Animoca Brands

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