According to Odaily, Animoca Brands Corporation Limited, a game and open metaverse digital rights development company, has announced a strategic partnership with Everest Ventures Group (EVG), a creator of Web3 venture capital. The partnership includes cross-investment in each other's projects.

Animoca Brands and EVG have come together to leverage their respective strengths and resources. The strategic partnership aims to foster growth and innovation in the digital rights and gaming industry, particularly within the open metaverse.

The collaboration will see both companies cross-investing in each other's projects, providing mutual support and resources to drive their respective initiatives forward. The details of the investment and the specific projects involved have not been disclosed yet.

This partnership is a significant step for both companies as they navigate the evolving landscape of the digital rights and gaming industry. It also underscores the growing interest and investment in the open metaverse, a virtual-reality space where users can interact with a computer-generated environment and other users.