Animoca Brands partners with Ava Labs, invests in AVAX

NFT and blockchain game developer Animoca Brands has invested in Avalanche (AVAX) and formed a strategic partnership with Ava Labs, The Block reported. The two companies will work to expand the Avalanche ecosystem through capital investment, product integration, and advisory support. They will particularly support projects in real-world asset tokenization (RWA), entertainment, and digital identity, with a focus on expansion in Asia and the Middle East. The specific size of the investment was not disclosed.