Animoca Brands, together with Coincheck, assist each other in furthering empowerment connected with their coming together in the formation of an exclusive partnership deal to successfully and very effectively enhance and build upon all factors which relate to the ultimate heightened experience of all users and affiliated user groups, which play a significant role in the blockchain-oriented metaverse.
As per an official statement made on October 4, 2022, the two prime brands, Animoca Brands, based out of Hong Kong, and Coincheck, based out of Tokyo, formed this extremely formidable and mutually beneficial partnership sometime in the year 2020. The collaboration is in smooth continuity, with the aim and focus now shifting to a collective and complete process of empowerment to provide better and more updated benefits to all of their users.
In March 2021, Coincheck unveiled its NFT marketplace under “Coincheck NFT”. Through its marketplace, Coincheck will strategically promote NFT initiatives from the group companies and portfolio firms of Animoca Brands and help to reenergize the project ecosystem.
LAND NFTs in The Sandbox and Otherdeed NFTs, which represent virtual real estate in Otherside, the metaverse project created by Yuga Labs and Animoca Brands and linked to the Bored Ape Yacht Club, are the NFT projects of Animoca Brands that have so far been listed and traded on the Coincheck NFT marketplace.
Coincheck began building the metaverse metropolis “Oasis TOKYO” in The Sandbox in January 2022. Coincheck is working to develop its partnerships with musicians, actors, and several clothing companies on “Oasis Tokyo” while also getting ready to make the metaverse metropolis accessible to the general public soon.
Coincheck bought Otherdeeds for Otherside in May 2022, at which point construction on the brand-new metaverse city “Oasis MARS” in Otherside began.
Animoca Brands will be in the position of being totally in charge of and simultaneously controlling all the aspects related to the furthering and future upgradation and enhancement of all the intellectual properties in their fold, in terms of playing the role of a blockchain game developer. This is a case scenario where a firm understanding has been made and mutually agreed upon, in addition to all other ongoing functions.
On the other hand, Coincheck, on their part, is now going to effectively take full control and be in a position to authoritatively look into every minute aspect in the involvement of all of the disbursement and community enhancement-oriented issues, catering to the existent markets in Japan.