BlockBeats reported on August 13 that GameSquare Holdings, Inc. (NASDAQ: GAME) today announced a new strategic partnership with the Animecoin Foundation. The Animecoin Foundation is a non-commercial foundation supporting the Animecoin ecosystem. This collaboration will strengthen GameSquare's position in the Web3 space, adding high-potential digital assets to the company's balance sheet and allowing the company to secure a place in the rapidly growing global market.
In collaboration with the Animecoin Foundation and its early contributor Azuki (an anime company based in Los Angeles that operates Anime.com and develops original IP), GameSquare will purchase up to $2.5 million of Animecoin in the public market, expanding its crypto-native treasury into another culturally significant digital asset with significant market growth potential.
Under the terms of a one-year agreement, GameSquare will become the official agent of the Animecoin Foundation and will receive Animecoin valued at $2.5 million for providing creative and agency services. GameSquare will support the Animecoin Foundation in expanding its influence and solidifying its position within the global gaming community.
