Animoca Brands, a nonfungible token (NFT) sport developer, has introduced a enormous funding withinside the NFT platform Bondly.

According to a launch issued on Friday, Animoca will very own a majority stake in Bondly following the funding.

Commenting at the purpose in the back of its funding in Bondly, Animoca chairman and co-founder Yat Siu advised Cointelegraph:

As a part of the funding, Bondly’s NFT technology, along with launchpad and cross-chain bridges, could be included into Animoca’s gaming merchandise.

Per the announcement, Animoca is asking to make use of Bondly’s suite of NFT tech answers to allow game enthusiasts to transport in-sport NFT belongings throughout one-of-a-kind blockchain networks.

The Animoca leader additionally advised Cointelegraph that the agency considers Bondly’s merchandise to be quite applicable to the blockchain sport developer and its subsidiaries.

“We see tremendous ability programs of Bondly’s NFT switch protocol, marketplace, and cross-chain NFT minting and bridges,” Siu advised Cointelegraph.

The Bondly funding is the cutting-edge in Animoca’s spending spree following a a success capital boost lower back in May that driven the agency to a $1billion valuation.

Related: Animoca Targets Non-Crypto Gamers through Developing Big Brand Games

According to Siu, Animoca is looking for even greater NFT tech corporations because it seeks to make bigger its footprint withinside the sector.

Animoca presently holds investments in over one hundred corporations, along with outstanding names withinside the NFT area along with OpenSea and Dapper Labs.

The Animoca acquisition comes after Bondly suffered a protection difficulty lower back in July. At the time, the challenge’s local token slumped 60% amid reviews of a suspected exploit.

Commenting at the enhancements made to the protocol because the hack, Bondly CEO Harry Liu advised Cointelegraph that the challenge has upscaled its protection infrastructure.