Animoca Tightens The Reigns in Japan With $45M Web 3-Focused Funding
Animoca Brands’ Japanese subsidiary, also known as – Animoca Brands KK – has raised $45 million. Its parent company, Animoca Brands Corporation Limited, and MUFG Bank, Ltd. (MUFG) led the investment. Promoting Web 3 adoption to multiple partners and ramping up the value and utility of their branded content while simultaneously boosting the NFT ecosystem in Japan are also some of the prime areas of focus.
The blockchain gaming powerhouse is strengthening its presence in one of the leading economies in Asia – Japan. According to the official blog post, the freshly raised capital will be deployed to secure licenses for well-known intellectual properties and build internal capabilities. The development comes as the Japanese government looks to reevaluate the crypto tax rules applicable for corporations in the 2023 financial year. The two crypto lobbying groups of the island country..
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