Animoca Brands, through its acquisition of Helix Accelerator, has entered into an agreement with Hedera Hashgraph to develop two distributed ledger-based gaming projects.
Animoca, Helix, and Hedera Hashgraph will develop a non-fungible token (NFT) based football game that will utilise the intellectual properties of famous football clubs under license to Animoca.
The game will feature tradable NFTs that will be backed by HBAR, the native cryptocurrency of the Hedera public network.
NFTs that are backed by HBAR will be redeemable for HBAR after a cooldown period, representing the first time that an NFT will be redeemable for a fixed and guaranteed amount of an underlying crypto asset.
Combating cheating in online multiplayer games
Animoca, Helix, and Hedera Hashgraph will also collaborate to develop and launch Helix Warp, an independent and distributed online gaming platform.
The mission is to create a fair and decentralised ecosystem of gaming related products and services to combat the chronic problem of cheating in online multiplayer games.
Helix Warp will counteract cheating by creating a server-side simulation environment and leveraging the Hedera Consensus Service to record results.
Game developers will be able to plug into Helix Warp and deploy hack-resistant leaderboards in their games.
Helix Warp will target HTML5 games to begin with and utilize the Helix Warp token to underpin the ecosystem.
“Efficient validation of play-to-earn activities”
Animoca co-founder and chairman Yat Siu said: “We are very excited to work with Hedera Hashgraph, which offers some highly appealing uses for gaming, particularly in the area of high-transaction scenarios.
“We believe this partnership will result in more efficient validation of play-to-earn activities, including addressing issues such as the multi billion dollar problem of cheating in games.”
Lympo partners with Virtus.pro
Lympo, a subsidiary of Animoca Brands that is building an ecosystem for sports NFTs, has entered into a strategic partnership with leading esports club Virtus.pro to launch NFTs using the licensed images of the players of Virtus.pro’s Dota 2 and Counter Strike: Global Offensive (CS:GO) club rosters.
The Virtus.pro club players' NFTs will be launched on Lympo’s NFT minting platform, which has an esports pool.
Lympo is building sports NFT ecosystem in two stages: firstly, Lympo will issue multiple NFT tokens, ranging from common cards to collectors’ items, of world-famous athletes, clubs, influencers and enthusiasts; secondly, Lympo will launch games with play-to-earn capability using LMT as a utility token and in-game currency.
In those games, to be announced, LMT holders will be eligible to stake their LMT tokens to earn Lympo NFTs.
REVV Token lists on DigiFinex
Animoca’s REVV Token has listed on DigiFinex on May 26, paired with tether (USDT).
REVV is the ERC-20 main utility token and in-game currency for branded motorsport blockchain game titles, including F1 Delta Time, MotoGP Ignition and an upcoming title based on Formula E.
DigiFinex is one of the world's top 10 crypto exchanges by trading volume and liquidity, offering spot, leverage, perpetual swap trading, and fiat to crypto trading to more than 4 million users.