ENVELOP has received investment from Animoca Brands and is committed to building a protocol that provides vault and oracle functions for NFT

On October 21, 2021, ENVELOP, a cross-chain NFT protocol, announced that it has received investment from Animoca Brands, a world-leading blockchain game and NFT company. This partnership will promote collaboration between ENVELOP and Animoca Brands subsidiaries, projects, and partners to jointly release NFTs with rich and scalable features that will help them stand out from the crowd in a fast-growing industry.

ENVELOP protocol builds a cross-chain system, so that NFT can use A dynamic or static "vault" for storing cryptocurrencies or other NFTs. Through this feature, users can not only add unique collateral to their NFTs and set royalties, but also use the ENVELOP oracle as a tool for evaluating and evaluating NFTs. The ENVELOP protocol aims to provide an effective solution to the existing NFT market's problems of valuation/devaluation, liquidity, and lack of advanced royalty settings.

ENVELOP project CEO Alexander Shedogubov stated, "We are delighted that Animoca Brands The list of investors who can join ENVELOP, we firmly believe that with the support of Animoca Brands will accelerate the development and deployment of our protocol. We believe that the NFT industry is still in the early stages of growth and has yet to become more mature. Therefore, it is necessary to show users All the extraordinary things that can be achieved with NFT.”

Execution by Animoca Brands Chairman and founder Yat Siu said, "We see great potential in the game industry for the ENVELOP protocol and wrapped NFT. These technologies will help the emergence of new mechanisms and use cases, thereby promoting the application of GameFi."

ENVELOP has received support from many well-known investors, including Waterdrip Capital, YBB Foundation , LucidBlue Ventures, LD Capital, Damo Labs, Lancer Capital, Cypher Ventures and other well-known institutions at home and abroad. ENVELOP products will be available to the public later this month.

About ENVELOP

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ENVELOP is a flexible cross-chain toolset that can give any NFT new features (economic settings, on-chain royalties, leasing mechanisms, time/value/event locks) etc.), as well as scoring and anti-fraud systems. ENVELOP can be easily deployed and implemented in GameFi, trading platforms, art, metaverse and non-staking NFT leasing. For more information, visit: https://envelop.is.

About Animoca Brands

Animoca Brands, a leader in digital entertainment, blockchain and gamification, has been named to the Financial Times' 2021 Asia Pacific Fast Growth Companies list. Animoca Brands has developed and released a broad portfolio of products including REVV token and SAND token; original games including TheSandbox, Crazy Kings, and Crazy Defense Heroes; and products using popular IP including Formula 1®,Marvel, WWE, Power Rangers, MotoGP™, and Doraemon. Animoca Brands' blockchain portfolio includes more than 100 of the most promising companies and projects in the NFT space.

This article is from a contribution and does not represent the opinion of Rhythm BlockBeats.

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