According to Foresight News, the Arbitrum Foundation, Azuki, and Weeb3 Foundation are joining forces to launch a blockchain-driven anime network called AnimeChain. The Weeb3 Foundation will serve as the developer for AnimeChain.

Earlier this month, the Arbitrum Foundation announced plans to invest 200 million ARB (currently worth $344 million) over the next two years to promote gaming projects on its blockchain. The Arbitrum Foundation also revealed that it will fund a feature film by Oscar-winning filmmaker Shane Boris in February.