Animoca Brands Corporation Limited Entered into A Memorandum of Understanding with Mind Fund Group Ltd and Helix Accelerator Limited in Partnership with Hedera Hashgraph
October 14, 2018 at 07:04 pm EDT
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Animoca Brands Corporation Limited announced that has entered into a Memorandum of Understanding (the "MOU") with Mind Fund Group Ltd. ("Mind Fund"), and Helix Accelerator Limited ("Helix") in partnership with Hedera Hashgraph, to establish a partnership and business collaboration to co-develop and co-invest in blockchain
games and applications. Mind Fund partnered with Hedera Hashgraph to set up Helix. Hedera Hashgraph aims to create a new commerce network based on the Hashgraph Consensus technology, a new distributed public ledger that can function faster, more securely, and on a significantly larger scale than current blockchain technology. Earlier in 2018, Hedera Hashgraph raised USD 120 million from institutional investors via a simple agreement for future tokens (SAFT) that was offered to Mind Fund and other institutional and accredited investors. Under the MOU, Helix agrees to invest a minimum of USD 100,000 (approximately AUD 140,000) in the upcoming token sale for the blockchain version of The Sandbox, on the condition that the game offers compatibility with Hedera Hashgraph. The Sandbox is developed by Pixowl, a company recently acquired by Animoca Brands.
Animoca Brands Corporation Limited is engaged in the development and marketing a portfolio of mobile games and applications for smartphones and tablets. The Company's geographical segments include Europe and Asia. Its Europe segment consists of TicBits Oy's activities. Its Asia segment consists of Animoca Brands Limited's activities. Mobile games and applications developed and/or published are made available for customers on Application stores, including Apple App Store and Google Play. In addition to mobile games, the Company also provides additional products orientated to educational learning, including e-books and a book application. Its brands include Garfield, Ben10, Doraemon, Astro Boy, Norm of the North and Chocolate Rain. Its products include Garfield Games, Astro Boy Games, Doraemon Games, Ben 10 Games, Norm of the North's, Simulation Games, Robot Academy and Action Games.
Animoca Brands Corporation Limited Entered into A Memorandum of Understanding with Mind Fund Group Ltd and Helix Accelerator Limited in Partnership with Hedera Hashgraph
ANIMOCA BRANDS CORPORATION LIMITED 
