Animoca Brands, a nonfungible token (NFT) game developing startup, reportedly disclosed details regarding a major investment amount poured into the NFT platform Bondly.

Specifically, via the initiative, Animoca will reportedly have possession of a majority stake in Bondly.

Animoca chairman and co-founder Yat Siu reportedly shared his remarks regarding the logical basis which fueled his investment decision in Bondly. 

“We acquired a majority stake in Bondly because it will significantly assist us to drive true digital ownership via NFTs, and we see this as crucial to the future of gaming and the emergence of the open metaverse.”

As included within the scope of the investment, the incorporation of Bondly’s NFT technology, including launchpad and cross-chain bridges, into Animoca’s gaming offerings, will be completed. 

Animoca is reportedly having plans to take advantage of Bondly’s suite of NFT tech solutions, to make it possible for gamers to transfer in-game NFT assets throughout a wide range of blockchain networks.

The Animoca chief additionally revealed that the firm recognizes Bondly’s products to have high relevance to the blockchain game developer and its subsidiaries.

“We see excellent potential applications of Bondly’s NFT swap protocol, marketplace, and cross-chain NFT minting and bridges”. 

The freshly poured investment into Bondly is reportedly the most recent of many previously completed investments, after Animoca successfully secured financial support via fundraising in May this year, which helped the entity to reach $1billion in terms of valuation.