Versus Systems Inc. (NASDAQ: VS) confirmed strategic investment from global digital entertainment leader Animoca brands in the most recent public offering that closed on February 28, 2022. Animoca Brands has earned a reputation as a global pioneer in digital entertainment, blockchain, and gamification that is helping to establish the open metaverse by driving digital property rights via NFTs and games.
The company believed that Animoca Brands is a major player in the blockchain, gaming, rewards, and Web 3.0 product and investment space. Animoca has a strong grasp of Web3, gamification, and the possibilities of rewards-based audience engagement, as seen by its relationships with and funding in Axie Infinity, Dapper Labs, OpenSea, Thetan Arena, Polygon, and others.
Furthermore, the strategic investment of Animoca Brands in Versus Systems underscores its belief in Versus' patented technology and growth path, as well as its support for Versus' view of the future of rewards in entertainment. Moreover, its investment in Versus demonstrates its faith in the company's technology, business model, and growth strategy. In the future of digital entertainment, both firms have a similar vision for audience interaction and rewards.
Yat Siu, Executive Chairman and Co-Founder of Animoca Brands believes that Versus Systems is quite well to extend its engagement and incentives experience to Web3 and blockchain to utilize play-to-earn and watch-to-earn platforms. Versus' expertise in audience participation will be brought to the open metaverse, and it anticipates fresh and interesting developments.