Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Animoca Brands backs UAE-based digital asset trading startup Eesee

Published 21/03/2024, 11:10 am
© Reuters.  Animoca Brands backs UAE-based digital asset trading startup Eesee

Animoca Brands Corporation Ltd has taken Eesee, a pioneering startup from the United Arab Emirates, under its wing with a strategic investment and collaboration.

Innovative Web3 platform

Known for its innovative platform that allows users to place small bids on high-value assets like cryptocurrencies, NFTs and tangible assets, Eesee aims to transform the digital asset trading landscape within the Web3 environment.

The collaboration with Animoca Brands will leverage the latter's vast industry experience and networks, significantly supporting Eesee’s ambition to refine the trading efficiency and user experience in the digital asset domain.

Eesee stands out with its unique approach of gamifying digital asset trade and fostering a community-centric ecosystem, where users can actively participate in a vast and dynamic digital realm.

Remarkable growth

Since the start of 2024, Eesee has witnessed remarkable growth, with its user base and transaction volume more than tripling, evidenced by its testnet's 1.6 million wallets.

Notably, a significant portion of its clientele, some 31%, engages in more than 10 transactions daily.

This collaboration is set to propel Eesee’s vision to establish itself as a comprehensive liquidity provider for sellers, underpinned by a daily ticket purchase exceeding 2,000 on its platform.

The partnership with Animoca Brands is poised to broaden Eesee's reach and fortify its standing in the Web3 sphere, allowing it to benefit from Animoca's extensive portfolio encompassing more than 400 Web3 entities and initiatives.

Prior to this alliance, Eesee had successfully amassed around US$3 million through funding initiatives involving entities like SevenX Ventures, Maven Capital and Momentum 6, alongside prominent crypto figures including Ivan on Tech and Pentoshi Gmoney, among others.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Bridging real-world assets

“We’re excited about investing into Eesee and entering into a partnership that aligns strongly with the vision shared by both of our companies to bridge real-world assets into the Web3 landscape,” said co-founder and executive chairman of Animoca Brands Yat Siu.

“We look forward to the progress and success of Eesee as the platform continues to grow and evolve.”

Eesee founder and CEO Vova Sadkov said: “If it wasn’t amazing enough to see the Eesee journey so far, having Animoca Brands – one of the most important companies in the industry – not only as an investor but also a partner is the cherry on top.

“We’re thrilled to work closely with the team at Animoca Brands. It will bring tremendous value to our ecosystem.”

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.