AnotherBall Obtains $12.7 Million in Funding to Enhance Its Virtual Entertainment Platform IZUMO
In Brief
AnotherBall has managed to raise $12.7 million in its seed funding effort aimed at amplifying the online entertainment experience through its VTuber initiative, IZUMO.
Entertainment company AnotherBall The company concluded its seed funding round, raising $12.7 million, spearheaded by ANRI. Hashed , with contributions from founders associated with Global Brain, Globis Capital Partners, Sfermion, HashKey Capital , Everyrealm, Ethereal Ventures, Emoote, alongside Crunchyroll's Kun Gao, as they collectively aim to elevate online entertainment into a new realm.
Established in May 2022, AnotherBall is dedicated to the development of the IZUMO VTuber project—an innovative platform designed to empower creators globally to connect with their audience and monetize their artistic endeavors. The beta version of IZUMO is set for release in Q1 2024, followed by a full public launch anticipated later that year.
Earlier this year, the company completed an angel funding round, successfully raising $2.2 million, which was led by, Polygon notable figures such as founder Jaynti Kanani, Sony Group's Chief Technology Officer Hiroaki Kitano, Twitch co-founder Kevin Lin, along with Azuki's Chiru Labs consultant Rehito Hatoyama and other prominent angel investors.
This recent funding brings AnotherBall's total financial backing to around $14.8 million, further accelerating its growth trajectory.
Growing Interest in Web3 Entertainment
Web3 entertainment is broadening the horizons for content creators. At present, digital content is increasingly known for its immersive and engaging attributes, undergoing a significant transformation towards a more multi-faceted, focused, and universally reachable format.
The fusion of Web3 technologies, especially with the advent of NFTs, has revolutionized entertainment content, enhancing it with improved security protocols and clearer ownership rights.
Recently, Animoca Brands Japan , San FranTokyo working alongside KLKTN, along with Cool Cats Group LLC, jointly announced have announced an intensified partnership aimed at boosting Cool Cats' entry into the Japanese and anime markets.
Their collaboration involves developing VTuber content based on the Cool Cats intellectual property, producing manga, and acquiring NFT collections for the San FranTokyo treasury, among other exciting ventures.
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