Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, today announced a partnership with GEODNET, the world’s largest decentralized Real-Time Kinematics (RTK) network to advance mixed-reality gaming and immersive experiences, and integrate cutting-edge location technology into consumer applications.
In addition, Animoca Brands has invested in GEODNET to support its growth within the Decentralized Physical Infrastructure Network (DePIN) community, while driving the development of advanced location and mixed-reality technologies, bridging the gap between the physical and virtual worlds.
GEODNET will work closely with Mocaverse, the marquee consumer network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems seeded by Animoca Brands, to help facilitate network growth and explore precise location integration into various consumer applications in the Moca Network.
Yat Siu, co-founder and executive chairman of Animoca Brands, said: "We are excited about GEODNET's ultra-precise location technology, which opens up new possibilities for mobile and gaming experiences. Its DePIN of Satellite Miners provides centimeter-level accuracy, enabling developers to create engaging mixed-reality applications that seamlessly blend digital and physical worlds. We're also thrilled to welcome GEODNET into both the Moca Network and the broader Animoca Brands ecosystem, where its innovative technology can drive the next generation of location-based Web3 experiences.”
Mike Horton, project creator of GEODNET, added: “We believe Web3 gaming and ownership experiences will drive novel future use cases for GEODNET's precise Proof-of-Location, so we are thrilled to partner with Animoca Brands and the Mocaverse community.”
GEODNET recently passed a governance initiative (GIP4), paving the way for Web3 mobile apps powered by its precise location technology. The partnership between Animoca Brands and GEODNET aims to accelerate the fusion of blockchain with real-world experiences.
About GEODNET
GEODNET is a highly reliable, Web3 RTK Network that uses DePIN principles. Using only a low data rate network connection, Real-Time Kinematics enables a 100x improvement in position accuracy as compared to standalone GPS. GEODNET's global network of RTK stations complement on-device sensors such as Cameras, LiDAR, and IMU's to power AI-based Autonomous Systems with accurate real-time 3D localization.
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About Mocaverse
Mocaverse is Animoca Brands’ flagship project dedicated to becoming the go-to Web3 platform for consumers to enter, experience, and maximize their Web3 exposure to experiences and rewards. Seeded by Animoca Brands’ 540 portfolio companies, Mocaverse is building the Moca Network, a network of networks with a single login entry point where partners can co-build different consumer applications for Web3 onboarding. With Realm SDK as the core onboarding product, Mocaverse aims to decentralize the onboarding of millions of users from partners via interoperable wallet, ID, reputation, and point systems.
Website: https://www.mocaverse.xyz
X (Twitter): https://x.com/Moca_Network
Medium: https://medium.com/mocaverse
Discord: http://discord.gg/MocaverseNFT
About Animoca Brands
Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as Anichess, The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. One of Animoca Brands’ flagship projects is Mocaverse, a platform that enables consumers to maximize their Web3 exposure to experiences and rewards with a single login entry point. Animoca Brands It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 540 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.
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