Animoca and Cream Labs Invest in TrendX Platform
- Investment by Animoca Brands and Cream Labs into TrendX.
- Funding amount undisclosed, focus on platform enhancement.
- Potential market ripple effects across various digital assets.
TrendX has secured backing from Animoca Brands and Cream Labs to develop its next-generation on-chain asset trading platform. The investment highlights the growing interest in enhanced digital asset infrastructures.
TrendX’s investment signifies a pivotal movement in digital trading platforms, aligning with Animoca Brands’ strategic goals for the U.S. digital market.
TrendX, backed by capital from Animoca Brands and Cream Labs, advances its next-generation on-chain asset trading platform. Both companies bring expertise and strategic advisory capabilities, though funding amounts remain undisclosed.
Animoca Brands, a prominent name in the Web3 space with investments in projects like Axie Infinity and OpenSea, reiterates its commitment to supporting innovative blockchain projects. Cream Labs complements this with its Web3 investment experience.
This investment is expected to influence market dynamics, potentially affecting asset types linked to Animoca’s portfolio, including Ethereum and Bitcoin. While immediate market shifts are not yet visible, strategic growth in this domain remains anticipated.
Yat Siu, Executive Chairman of Animoca Brands, highlights a favorable regulatory environment in the U.S., prompting increased investment. As Siu states:
This is a unique moment in history. It would be a significant missed opportunity if we didn’t at least make an effort.
Regulatory and environmental contexts offer a burgeoning space for strategic expansion, potentially engaging new investors.
Industry activity post-investment will be watched closely, especially in sectors adopting enhanced trading technologies. Historical data from previous investments suggests substantial utility growth in ecosystem-related assets.
