On August 26th, Epik announced Animoca Brands co-led a round of investment made into the organization’s membership token, $EPIK. This announcement came one day before the token was launched on the Huobi Prime cryptocurrency exchange.
“Animoca Brands’ investment into Epik is part of an ongoing and powerful synergistic partnership,” said Animoca Brands co-founder Yat Siu. “Together we are stronger. We look forward to expanding our presence in brand licensing, gaming, and metaverse ecosystems.”
Epik is an organization that helps produce blockchain-powered in-game experiences and NFTs. Epik’s network of digital collectibles and games is made up of more than 300 esports companies and one billion gamers.
Animoca Brands was founded in 2014. The company is currently worth over $1 billion.