Animoca Brands Partners with Lukka for Enterprise Data Management, Makes Strategic Investment
James Ding Aug 01, 2024 11:22
Animoca Brands selects Lukka for enterprise data management and receives a strategic investment from Animoca Capital.
Animoca Brands has announced its selection of Lukka as its enterprise data management provider, with a strategic investment from Animoca Capital, according to PRNewswire. This partnership aims to bolster Animoca Brands' capabilities in managing and analyzing blockchain data across its extensive portfolio of products and investments.
Lukka's Role and Technological Contributions
As part of this collaboration, Animoca Brands will utilize Lukka's Enterprise Data Management Software to support audit-ready crypto asset financial reconciliation and reporting across multiple business entities globally. Lukka's advanced software solutions are designed to tackle complex crypto asset data, providing robust financial tools and insights for compliance, anti-money laundering (AML), and investigative functions.
Strategic Investment and Vision Alignment
Animoca Capital, a growth equity fund focusing on mid-to-late stage Web3 companies, has made a strategic investment into Lukka. Homer Sun, managing partner of Animoca Capital, expressed confidence in Lukka's institutional-grade solutions, stating, "The team's expertise in blockchain data management and analytics aligns perfectly with our vision for the future of digital ownership and decentralized technologies."
Industry Impact and Future Prospects
Robert Materazzi, CEO of Lukka, highlighted the importance of this partnership by noting, "We are proud to partner with the visionary team at Animoca Brands, a company that stands at the forefront of Web3 innovation." Materazzi emphasized that Lukka's solutions are well-positioned to support businesses handling complex data, aiming to innovate responsibly and tackle business challenges from crypto asset valuations to on-chain investigations.
This partnership underscores the growing need for advanced technical solutions in the blockchain and crypto industry. Despite limited mainstream knowledge about these technologies, companies like Lukka offer sophisticated data products that help businesses remain compliant and audit-ready. The collaboration is expected to accelerate the adoption of crypto assets, powered by trusted data solutions.
About the Companies
Animoca Capital is a growth equity fund focused on mid-to-late stage companies leveraging blockchain technologies. Partnered with Animoca Brands, the fund supports innovative companies in the Web3 space. For more information, visit https://www.animoca-capital.com.
Animoca Brands is a leader in Web3 and blockchain technology, known for delivering digital property rights to consumers and helping establish the open metaverse. The company develops a wide range of products, including games like The Sandbox and PHANTOM GALAXIES™, and holds investments in over 540 Web3 companies.
Lukka, founded in 2014, provides enterprise data and software solutions for businesses dealing with blockchain complexities. Its products are independently audited and designed to meet institutional standards, ensuring data quality and accuracy.
For further details, refer to the official announcement on PRNewswire.
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