Cudos will help the company enhance its ecosystem with a highly scalable, low-cost layer-one blockchain and layer-two scaling network for new or multi-chain strategy blockchain gaming and NFT projects.
Animoca Brands has invested in and partnered with decentralised cloud computing network Cudos, an arrangement that will see the two collaborate on various projects.
Cudos network is a layer-one blockchain and layer-two computation and oracle network that ensures decentralised, permissionless access to high-performance computing at scale and enables scaling of computing resources to hundreds of thousands of nodes.
Once bridged to Ethereum, Algorand, Polkadot and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.
“Thrilled to invest”
Animoca chairman and co-founder Yat Siu said: “We are thrilled to invest in Cudos and its highly scalable, low-cost layer-one and -two solutions that look to be ideally suited for blockchain gaming and NFT-based initiatives.
“We look forward to collaborating on various projects.”
According to the company bridging the gap between gaming, blockchain, decentralised finance and NFTs, the partnership will further enhance Animoca Brands’ ecosystem with a highly scalable, low-cost layer-one blockchain and layer-two scaling network for new or multi-chain strategy blockchain gaming and NFT projects.
“Hugely significant partnership”
Cudos vice president of partnership Nuno Pereira said: “Animoca Brands and Cudos are strong believers in bringing NFTs and DeFi in gaming to millions of users.
“Animoca Brands’ consumer focus is well aligned with our vision, offering the potential for large-scale gamer adoption of Cudos technology and developers building DApps on Cudos Network.”
Amasa seed funding
The investments in Cudos happen in the wake of Animoca leading a recent seed round of funding of the micro income streaming platform Amasa.
READ: Animoca Brands leads seed funding for micro income streaming platform Amasa
Amasa enables users to easily aggregate, track and invest earnings made through interacting with digital worlds, generating additional yields for users’ digital assets.
The platform also allows users to aggregate and reinvest the income earned from other activities including data sharing, micro-tasking, web browsing, predictions markets and other evolving use cases.