Astar Network Receives Strategic Investment from Animoca Brands to Accelerate Development of Web3 Entertainment Ecosystem

Odaily Planet Daily News Astar Network announced a strategic cooperation with Animoca Brands, a leading enterprise in the field of blockchain games and digital property rights. Astar provides Japanese and Korean government and enterprise channels and third-party IP resources, and the latter makes a strategic investment in Astar Network to jointly promote the construction of Web3 entertainment ecology. It is reported that Animoca Brands has invested in more than 540 Web3 projects. This investment reflects its optimism about the potential of Asian entertainment IP and blockchain integration. The first phase of the cooperation will land two major projects: Anime ID identity system based on Moca Network, deployed on the Soneium chain, to achieve a smooth transition from Web2 to Web3 users; Anime Art Fest digital art platform, providing IP copyright holders with NFT development, fan economy operation and other services, and the first phase will introduce well-known Japanese animation IP. Astar ecological native token ASTR plays a key role in the cooperation, not only as a transaction medium, but also supports ecological projects through developer incentive plans. In addition, the two parties will open IP resources and plan to jointly launch the "Asian Entertainment IP Fund". With the implementation of Japan's Web3 Promotion Act, the cooperation between Astar and Animoca Brands is expected to set a new paradigm for the industry. The two parties plan to complete the deployment of more than 10 head IP chains by 2025, and upgrade the Soneium mainnet to improve network performance.