In a significant milestone, Animoca Brands Japan has garnered $45 million, now valuing the company at an impressive $500 million.
Animoca Brands KK, which specializes in investments within the metaverse and NFTs, has successfully raised $45 million from leading financial giant MUFG Bank and its parent company, Animoca Brands Corporation Limited. Established in Tokyo in October 2021, the company now boasts a $500 million valuation.
The Japanese subsidiary of Animoca Brands plans to deploy this new capital to invest in popular intellectual properties, push for greater Web3 adoption, stimulate NFT developments in Japan, and enhance the value and functionality of their branded content.
Earlier this year in February, Animoca Brands KK secured a $10 million seed investment. Furthermore, in March, they revealed collaborative plans with MUFG focused on NFT initiatives: press release To rejuvenate the NFT marketplace in Japan, it's crucial to construct an environment that allows seamless and secure transactions for everyone. Future growth in the NFT sector hinges on robust customer protections against fraud, identity theft, and the depreciation of content value that arises from speculative trading in this digital landscape.
Funding of $22.5 million is directed toward enhancing the company’s initiatives, aiming to elevate the competitiveness of Japanese businesses. This partnership with Animoca Brands KK will help corporate clients fully leverage their content's value while developing a reliable NFT ecosystem.
MUFG has now invested Japan is embracing NFTs and the metaverse, but it maintains a tough stance on cryptocurrency, imposing a hefty 30% tax rate while personal income tax can soar up to 55%.
With over 340 investments in its portfolio, Animoca Brands boasts notable players such as OpenSea, Axie Infinity, Yield Guild Games, Harmony, Dapper Labs (known for NBA Top Shot), Colossal, and Star Atlas.
In July, Animoca Brands unveiled some breathtaking Unreal Engine 5 visuals, hinting at the potential future of virtual reality. raised $75 million at a $5.9 billion valuation.
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In line with the Trust Project guidelines Agne is a passionate journalist dedicated to covering the latest trends in the metaverse, AI, and Web3. Through her storytelling zeal, she has interviewed numerous experts in these domains, always on the lookout for captivating narratives. Agne holds a Bachelor’s degree in literature and has a rich writing background ranging from travel and culture to art. She has also volunteered as an editor for an animal rights group, aiming to raise awareness about animal welfare issues. Feel free to contact her at
