Animoca Brands Buys KARRAT Tokens to Power Studio Chain Web3 Gaming
Animoca Brands has formed a strategic partnership with AMGI Studios, acquiring KARRAT tokens on the open market to back Studio Chain, a layer-2 blockchain for the My Pet Hooligan game. Animoca will apply its expertise in tokenomics, liquidity provision and market strategy. The deal spurred a 37% surge in the KARRAT token price within 24 hours. Studio Chain promises higher scalability, lower transaction costs and faster processing. The KARRAT token will serve as both in-game utility and decentralized governance, allowing holders to unlock exclusive content and vote on protocol upgrades. This collaboration addresses blockchain gaming infrastructure bottlenecks and is poised to boost Web3 gaming adoption, foster new economic models and strengthen the decentralized entertainment ecosystem.
Bullish
The acquisition of KARRAT tokens by Animoca Brands and their integration into Studio Chain signals strong institutional confidence, driving a 37% price surge. In the short term, increased liquidity and trading volume around KARRAT token are likely as traders anticipate further demand. Over the long term, deploying token utility for governance and in-game use on a scalable layer-2 blockchain should sustain adoption and support organic price growth as Web3 gaming expands.