Games company Animoca has partnered with Hedera Hashgraph to develop two gaming projects on Hedera’s public distributed ledger. The partnership also involves Helix Accelerator, which offers guidance, investment funding, and mentorship for solutions built on Hedera Hashgraph. Animoca recently acquired Helix.
The first project is a game focused on tradable non-fungible tokens (NFTs) for football clubs with licensing deals with Animoca Brands. Currently, the company has a partnership with City Football Club, which includes Manchester City, New York City FC, and Melbourne City. Animoca also commercializes an NFT collection from FC Bayern Munich.
NFT owners will be able to “sell” their NFTs back to the platform for a fixed amount of HBAR, the Hedera network’s cryptocurrency. This will be the first time that commercialized NFTs will be redeemable for a guaranteed amount of crypto assets.
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