PANews May 21 News, according to an official announcement, Japan's multi-chain Web3 infrastructure Astar Network has announced a strategic investment from Animoca Brands, the specific amount has not been disclosed. The two parties will focus on promoting the on-chain integration of Japanese and Asian entertainment IPs and collaborating to develop a scalable blockchain entertainment ecosystem aimed at consumers. The first project resulting from this collaboration is the Anime ID identity system based on Moca Network, which will be deployed on the Astar subnet Soneium, achieving a seamless transition for Web2 users to Web3. Another key project, Anime Art Fest, will expand the coverage of on-chain entertainment IPs. The native token of Astar, ASTR, will serve as a unified circulation and incentive tool within the ecosystem, supporting developer funds and user incentives. Animoca Brands stated that this collaboration values Astar's pivotal role in the on-chain integration of Asian entertainment IPs, and both parties are exploring the establishment of a dedicated fund focused on IP and entertainment, which has already attracted interest from institutional investors.
