Animoca Brands Invests in AVAX to Expand Avalanche's Presence in Asia and the Middle East

PANews, March 19: According to The Block, Animoca Brands has invested in Avalanche’s native token, AVAX, and entered into a strategic partnership with Ava Labs, the protocol’s developer, to jointly expand the Avalanche ecosystem through capital deployment, product integration, and advisory support. The two parties will focus on supporting projects built on Avalanche, particularly in areas such as real-world asset (RWA) tokenization, entertainment, and digital identity. Animoca Brands plans to prioritize growth initiatives in Asia and the Middle East, leveraging its established infrastructure and institutional relationships in these regions to facilitate the commercial deployment of Avalanche subnets and related applications. AVAX is currently trading at approximately $9.55, with a market capitalization exceeding $4.1 billion.