Animoca Brands, a branding and investment firm in digital property, has become a validator and ecosystem contributor for MultiversX. This move has caused MultiversX's core token EGLD to increase in value, despite a bearish crypto market. Animoca Brands aims to leverage the synergies between MultiversX and its blockchain network to redefine the gaming industry and accelerate the adoption of Web3. EGLD is currently trading at $21.56, up 5.24% in the last 24 hours. MultiversX, with a market capitalization of over $600 million, has attracted investors due to its promising technological fundamentals. Justin Bons, founder of Europe's oldest cryptocurrency fund, has praised MultiversX's technology as "the Holy Grail of crypto." MultiversX has also established partnerships with a city in Romania and Alibaba Cloud, further bolstering its position in the crypto and blockchain industry.



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