Animoca Brands Partners with AWS to Boost Web3 Development and Digital Property Rights Aug 17, 2023 Aug 17, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsAugust 17, 2023 by Kelly Cromley

Animoca Brands Partners with AWS to Boost Web3 Development and Digital Property Rights

Hong Kong-based Animoca Brands, a trailblazer in digital property rights within the gaming and open metaverse domains, has made a significant announcement. The company revealed that it has achieved the status of an official AWS Activate Provider, a strategic move aimed at accelerating the development of Web3 technology and enhancing true digital property rights.

In an official statement, Animoca Brands outlined that this partnership will open doors for its portfolio companies to access a comprehensive suite of tools, resources, expert guidance, and content, facilitating their endeavors to build on the Amazon Web Services (AWS) platform. This collaboration comes with a specific focus on propelling the development of Web3 products and services, contributing to the growth of this cutting-edge technology sector.

Collaboration Empowers Web3 Startups and Strengthens Digital Ownership in the Open Metaverse

The collaborative initiative also encompasses a notable benefit for Animoca Brands’ portfolio companies. These companies will have the opportunity to directly apply for AWS Activate credits, with a potential value of up to $25,000. These credits will serve as vital support for development projects hosted on the AWS platform, further bolstering the capabilities of participating startups.

As Animoca Brands continues to expand its portfolio, which now comprises over 450 Web3 companies and projects, the company is actively engaged in cultivating decentralized ecosystems that empower users with genuine ownership rights over their digital assets. The concept of true ownership is a cornerstone of the open metaverse vision, where participants transcend the role of mere users to become authentic owners and stakeholders.

The collaboration between AWS and Animoca Brands is driven by a shared goal of nurturing emerging Web3 startups within Animoca Brands’ portfolio. This endeavor encompasses an array of vital support mechanisms provided through the AWS Activate program, ranging from technical guidance and networking opportunities to fundraising assistance and marketing support. This comprehensive package, including access to AWS solution experts, mentorship, and exclusive content and offers, is designed to equip startups with the resources they need to thrive in the ever-evolving tech landscape.

At the heart of this collaboration lies AWS Activate, a program that has played a pivotal role in propelling numerous early-stage startups to success within the cloud ecosystem. For startups eligible for AWS Activate, the credits granted can be utilized to access a range of AWS Cloud services, spanning computing, storage, databases, analytics, Internet of Things (IoT), and machine learning.

By harnessing the advantages offered through AWS Activate, Animoca Brands is strengthening the connection between its portfolio companies and AWS’s world-class infrastructure. This connection facilitates various aspects of business development, including crafting effective go-to-market strategies, forging partnerships across both Web2 and Web3 ecosystems, expanding globally, and enhancing security and compliance measures.

Co-founder and Executive Chairman of Animoca Brands, Yat Siu, emphasized the significance of this collaboration as a transformative milestone for both Animoca Brands and the broader Web3 startup ecosystem. Siu highlighted the potential of combining Hong Kong’s innovation hub with AWS’s cloud capabilities to foster the growth and success of Web3 startups on a global scale.

In summary, the partnership between Animoca Brands and AWS has the potential to reshape the trajectory of Web3 startups, enhancing their development capabilities while fortifying the principles of digital ownership within the open metaverse. As Animoca Brands continues to make strides in digital entertainment, blockchain, and gamification, its collaboration with AWS underscores the company’s commitment to innovation and its dedication to shaping the future of the metaverse.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.