MDEC Partners with Acxyn to Transform Malaysia into a Global Gaming Powerhouse
- On September 29, 2023, MDEC and Acxyn announced a groundbreaking collaboration to promote creative technologies in Malaysia’s gaming industry.
- This partnership aims to position Malaysia as a global gaming hub, attracting international IPs and game studios to boost the nation’s digital growth and investments.
- Acxyn, known as the world’s first IP tokenization platform, received a RM750,000 grant from MDEC, signifying support for innovative companies.
- MDEC’s metaverse initiative aligns with this collaboration, seeking to shape Malaysia’s presence in the metaverse sector and foster digital creativity.
- The collaboration’s ultimate goal is to infuse foreign IPs and investments into Malaysia, establishing the nation as a global gaming hub, while tokenized IP assets hold the potential to revolutionize the gaming industry with increased liquidity, fractional ownership, transparency, innovative business models, and greater player engagement.
On September 29, 2023, a significant announcement reverberated through the digital landscape of Malaysia.
The Malaysia Digital Economy Corporation (MDEC) and Acxyn, a pioneering Web3 company, unveiled a groundbreaking collaboration aimed at spearheading the growth and widespread adoption of creative technologies within the country.
This collaboration is set to position Malaysia as a global gaming hub, attracting foreign IPs and international game studios, thereby boosting the nation’s digital growth and global investments.
The Genesis of Collaboration
This significant partnership involves MDEC awarding a grant of RM750,000 to Acxyn.
The grant is not merely a financial injection but a symbolic gesture of support and commitment to innovative companies like Acxyn.
Remarkably, Acxyn holds the distinction of being one of the few Web3 start-ups accepted into the prestigious MDEC program.
Acxyn’s Pioneering Role
Acxyn occupies a unique position in the digital landscape. It stands as the world’s first IP tokenization platform, a pioneering initiative that is reshaping the gaming industry.
At the heart of its mission is the redefinition of game monetization and investment.
Through cutting-edge solutions, Acxyn elevates the visibility and value of intellectual properties (IPs), allowing gaming studios and visionaries to tap into new revenue streams.
John Schneider, the CEO of Acxyn, expressed his enthusiasm for this strategic collaboration.
He shared, “We’re excited that MDEC shares our vision for a future in which game IPs can fully realize their economic potential and establish Malaysia as a hub for innovation and excellence in the game industry.”
A Shared Vision for the Future
MDEC, as Malaysia’s leading government agency in advancing the digital economy, has embarked on an ambitious metaverse initiative.
This initiative is not merely a foray into the metaverse sector; it represents a commitment to fostering digital creativity on a grand scale.
The agency’s vision extends beyond the ordinary, as it seeks to shape Malaysia’s significant presence in the metaverse sector.
Through this collaboration, Acxyn intends to leverage its expertise to contribute meaningfully to MDEC’s metaverse initiative.
However, the collaboration’s scope transcends borders and seeks to facilitate the infusion of foreign intellectual properties (IPs) and foreign investments into Malaysia.
The ultimate goal is to position Malaysia as a global gaming hub that can attract international game studios and investments, thereby fuelling the nation’s digital growth.
A Testament to Innovation
The significance of this collaboration cannot be understated. It stands as a testament to Malaysia’s unwavering commitment to innovation and digital transformation.
In an era where Web3 technologies are reshaping industries and economies, Malaysia is making a bold statement.
As the nation continues to experience remarkable growth in its creative sectors and fully embraces the potential of Web3 technologies, the collaboration between MDEC and Acxyn will undoubtedly chart a path toward a brighter digital future.
Together, they are poised to drive the adoption of creative technologies, propelling Malaysia to the forefront of the Web3 revolution.
This partnership between MDEC and Acxyn is not just about collaboration; it’s about transforming a vision into reality, one that holds the promise of reshaping Malaysia’s digital economy and global influence.
The Potential of Tokenized IP Assets
The potential of tokenized IP assets in the gaming industry is generating excitement and discussion within the blockchain and Web3 technology sphere.
Tokenization offers several promising benefits, including increased liquidity, enabling fractional ownership, enhancing transparency through blockchain technology, fostering innovative business models, and empowering players to shape their gaming experiences.
This transformative concept has the potential to make the gaming industry more inclusive, attractive to investors, and engaging for players.
With the Southeast Asia gaming market poised for significant growth, the adoption of tokenized IP assets could play a pivotal role in shaping the industry’s future.