Hong Kong VC firm Animoca Brands has acquired US-based web3 games streaming platform Azarus. Launched in 2018, Azarus raised $5.8 million in two funding rounds in 2019 and 2022, with investors including Animoca, Galaxy Digital and Kleiner Perkins. The cost of the acquisition hasn’t been disclosed.
Animoca aims to integrate Azarus streaming technology into its catalogue of web3 games and projects. It allows users to stream their gameplay while interacting with their viewers. Notably, streamers can utilise blockchain-based AzaCoins tokens to facilitate rewards and incentives for its audience.
Executive chairman of Animoca Brands Yat Siu commented, “Azarus evokes the early days of The Sandbox, with that same energy and upside that makes it such an attractive proposition. Together, we look forward to redefining the streaming landscape, making it more interactive, rewarding, and aligned with the open metaverse.”
“Joining forces with Animoca Brands amplifies our vision. We’re not just enhancing streaming; we’re pioneering a movement where every viewer becomes an active participant, and every stream becomes an immersive experience,” added CEO of Azarus Alexander Casassovici.
This article was first published on BlockchainGamer.biz.
Data fiend and editor-at-large Jon Jordan has been writing/speaking about the games industry since 1999. He's always been a man who's a step ahead, gaze firmly fixed beyond the horizon, rarely content with the here-and-now. So he's particularly pleased the rest of us are finally catching up – but he knew we eventually would.
