July 13, 2024
XYRO, a pioneer in gamified social trading platforms globally, has revealed a strategic partnership and investment from Animoca Brands. Animoca Brands is a leading firm advancing digital ownership through NFTs and gaming to facilitate the development of the open metaverse. In this collaboration, Animoca Brands will utilize its resources to bolster XYRO and its gaming platform, contributing to the transformation of the blockchain gaming industry.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
XYRO | July 13, 2024 | Strategic Investment | Animoca Brands | Gaming, Trading |
About XYRO
XYRO is the world’s first gamified social trading platform that encourages users to interact with cryptocurrency in a fun way. It provides five unique gaming modes centered around crypto. These modes include predicting if the price will move up or down over a set period of time (Up/Down), predicting the ending price at the end of the round as closely as possible (Bull’s Eye), creating your own crypto price idea and challenging a friend or publishing it on XYRO for someone to accept (1vs1), sharing a trading idea and letting others vote for or against it, then collecting a percentage of the pool if the trade hits the target price or stop loss (Setup), and a mode similar to trading perpetual futures but with a massive leverage of up to 1000x (1000x).
The platform also introduces “liquidity pools” in games like Up/Down and Setup, where players’ funds are grouped into two or more pools based on their predictions. The winners share the money from the losing pool, while the platform only deducts a small fee.
Website: https://xyro.io/
About InvestorInvestor: Animoca Brands
Animoca Brands is a company that develops and publishes a diverse portfolio of games and products. Their offerings span both traditional games and blockchain-based games, with many of them featuring popular global brands. Some of the well-known brands associated with Animoca Brands include Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E1. Additionally, Animoca Brands is an active investor in the NFT space, with over 150 investments in NFT-related blockchain companies such as Axie Infinity, OpenSea, Dapper Labs (known for NBA Top Shot), Yield Guild Games, Alien Worlds, and Star Atlas1. Their focus on digital property rights and innovative gaming experiences positions them at the forefront of the evolving metaverse landscape.
Location: Hong Kong
Website: https://www.animocabrands.com/
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