Arbitrum, Azuki launch web3 network for anime fans

By Mohammad Shahidullah

March 27, 2024 at 4:54 pm

Edited by Brian Stone

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Arbitrum, Azuki launch web3 network for anime fans

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Arbitrum Foundation is collaborating with popular NFT brand Azuki to develop a web3 network for anime enthusiasts.

The initiative will cover various anime-related content from original and third-party sources, including games, merchandise, and NFTs for a venture called AnimeChain.

Azuki CEO Zagabond emphasized on social media that AnimeChain will provide a new way to create and consume anime products. So far, anime fans haven’t been able to enjoy a seamless experience in web3, as most anime-focused projects on web3 have been fragmented. According to the Azuki CEO, AnimeChain will take advantage of Arbitrum’s more expansive scalability.

Introducing AnimeChain, an Arbitrum Orbit chain, in collaboration with @animecoin💙🪐

With @Azuki being the first launch partner, we’re excited to have Arbitrum technology back this incredible first step in bringing the anime culture onchain.https://t.co/X1rHdNTGS1
— Arbitrum (💙,🧡) (@arbitrum) March 27, 2024

The Arbitrum Foundation announced earlier in March that it would allocate 200 million ARB, valued at $344 million, to support gaming ventures on its blockchain for the next two years. Additionally, Arbitrum revealed in February its decision to fund a feature film by Shane Boris, an Oscar-winning producer.

Arbitrum’s TVL reached over $3 billion this year, according to DefiLlama. The ARB token reached its all-time high in January and has declined nearly 30% since due to wider liquidation.