Animoca Japan unit raises $45M for Web3 biz
Animoca Brands Japan, the Japanese subsidiary of video gaming and Web3 investment powerhouse Animoca Brands has raised $45 million in financing aimed a developing its Web3 business.
In a dual partnership, parent firm Animoca Brands and MUFG Bank both shelled out $22.5 million each, bringing the company’s value before public investments and external funding, or pre-money valuation to $500 million.
Animoca Brands Japan stated it will use the funds “to secure licenses for popular intellectual properties, develop internal capabilities, and promote adoption of Web3 to multiple partners.”
Overall, the company hopes to increase the value and utility of its branded content while fostering the development of the NFT ecosystem in Japan.
META & NFT WORLD
