Animoca Brands invests in decentralized cloud computing network Cudos
In particular, the partnership will enhance Animoca Brands’ ecosystem with a low-cost layer-1 blockchain and layer-2 computation and oracle network for multi-chain strategy blockchain gaming and NFT projects.
“We are thrilled to invest in Cudos and its highly scalable, low-cost layer-one and two solutions; that look to be ideally suited for blockchain gaming and NFT-based initiatives. We look forward to collaborating on various projects.”
– Yat Siu, Chairman, and Co-Founder of Animoca Brands
Cudos ensures decentralized and permissionless access to high-performance computing and enables the scaling of computing resources to hundreds of thousands of nodes
Once bridged to Ethereum, Algorand, Polkadot, and Cosmos; Cudos will enable scalable compute and layer-2 oracles on all of the bridged blockchains.
“Animoca Brands and Cudos are strong believers in bringing NFTs and DeFi in gaming to millions of users. Animoca Brands’ consumer focus is well aligned with our vision; offering the potential for large-scale gamer adoption of Cudos technology and developers building DApps on the Cudos network.”
– Nuno Pereira, VP of Partnerships at Cudos
Cudos is also a distributed computing platform where suppliers of hardware monetize the idle time of their hardware, while providing:
- Blockchains a layer-2, Turing-complete compute capacity.
- Cloud services at a fraction of the cost and with extended personalization and functionality.
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