Samreen Ahmad · · 1 min readAnimoca ups stake in Kikitrade to accelerate GameFi, NFT adoption
Animoca Brands, a Hong Kong-based mobile gaming and blockchain unicorn, has become the second-largest shareholder in Kikitrade.
Sean Tao (left), co-founder and CEO of Kikitrade, and Yat Siu, executive chairman and co-founder of Animoca Brands/ Photo credit: Kikitrade
Kikitrade, a cryptocurrency social investment platform, has plans to widen its role in the decentralized blockchain gaming (GameFi) and non-fungible token (NFT) markets.
The firm’s in-app community provides a platform for blockchain gamers, investors, and traders to connect while serving as a bridge between GameFi and the centralized finance world.
Under their tie-up, Kikitrade and Animoca Brands will promote newly launched and upcoming GameFi projects by providing financial infrastructure to players. Kikitrade will also establish a GameFi studio to accelerate the development of the crypto-based markets.
See also: Explaining Axie Infinity and its mercurial rise
Blockchain games like Axie Infinity, NBA Top Shot, and The Sandbox have quickly become top applications of blockchain tech with powerful adoption, Kikitrade said in a statement.
Editing by Collin Furtado and Arpit Nayak
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