Animoca Brands partners with OpenST to bring its scalable token economy to games
Deal will also see integration into WalletPet
Hong Kong-headquartered, Australia-floated games outfit Animoca Brands has announced a strategic partnership with German blockchain protocol company OpenST.
It’s the non-profit foundation which supports adoption of the OpenST Protocol, a framework for building highly scalable apps and games using utility chains on Ethereum, and backed by the OST Simple Token.
This enables developers to design, stake and mint their own ERC20 tokens, as well as providing operational tools to manage and grow communities.
Animoca Brands is building a powerful strategic foundation for long-term blockchain development
As part of the agreement, the two companies will work together including using the protocol in Animoca’s forthcoming gamified blockchain wallet WalletPet.
Animoca will also act as an advisor to OpenST as it looks to further adoption of its technology
Combining gaming and blockchain smarts
The announcement continues Animoca’s momentum in the blockchain games sector, which in recent months has seen it gain exclusive rights to bring the mobile version of CryptoKitties to China, as well as raising additional funding, and acquiring The Sandbox developer Pixowl.
“OST has already built many of the blockchain tools that gaming developers need, so there are strong synergies with Animoca Brands’ expertise in gaming, blockchain, and AI,” noted its co-founder Chris Dark.
“By partnering with OpenST and OST, Animoca Brands is building a powerful strategic foundation for long-term blockchain development, and securing a savvy partner who has already produced a high-demand utility token and an innovative tokenisation platform,” added Animoca co-founder Yat Siu.