Animoca Brandsannounced on October 17, 2024 that it would enter the market to repurchase WATCoins (WAT). WATCoin is known as the utility coin of WatBird, a Telegram Mini App developed by the company’s subsidiary GAMEE. With this move, Animoca Brands aims to strengthen WatBird’s role in the broader TON ecosystem.
Role of WatBird and WATCoin
WATCoinenables the WatBird platform to offer various services and rewards to its users. This move by Animoca Brands is important for WatBird to gain more effectiveness in the TON ecosystem. With this move, Animoca Brands will not only support its platform but also contribute to the growth of the Web3 ecosystem.
This move by Animoca Brands once again demonstrated its strong commitment to the company’s projects and investment strategies. The company has maintained its leadership in this field by making major investments in the Web3 world for a long time. It currently has a large portfolio with more than 540 Web3 investments.
Animoca Brands is one of the leading names in Blockchain-based games and digital property rights. Fortune Crypto 40 The company on the list is considered one of the fastest growing companies in the Asia-Pacific region. In addition to successful projects such as The Sandbox and PHANTOM GALAXIES, there are also collaborations with popular brands such as MotoGP and Formula E.
Animoca Brands, which has innovative projects and a wide investment portfolio in the Web3 world, plans to contribute more to both its users and its ecosystem in the future. By repurchasing WATCoins, the company will indemnify WatBird and its general public. TON It will pave the way for further growth of the ecosystem.
Announcement Increased the Price of Altcoin WAT
With all this, after the announcement of Animoca Brands WAT coinThe price of has risen rapidly. At the time of writing, the altcoin is trading at $0.0004009 with an increase of 48.17 percent in the last 24 hours.
Trading volume also skyrocketed with the price. altcoin‘s transaction volume increased by 1,688 percent to 6.81 million dollars.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
