NFT Evening NFT Evening

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Rarible Launches New Product To Easily Build Custom NFT Marketplaces

    August 8, 2022

    Along with the Gods partner to giveaway $40k worth of P2E Game NFTs

    August 8, 2022

    Tinder Scraps Metaverse Dating Plans: Here’s Why

    August 7, 2022
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • Home
    • News
    • Crypto Art
    • Collectibles
    • Blockchain games
    • Interviews
    • Guides
    • NFT Calendar
    • NFT Conferences
    NFT Evening NFT Evening
    News

    Animoca Brands Japan Gets Off To A Great Start Raising $10M

    By TheoFebruary 15, 20223 Mins Read

    Animoca Brands is off to conquer Japan! The Hong Kong-based company driving digital property rights via NFTs will now operate in the land of the rising sun under  Animoca Brands KK (Animoca Brands Japan). The strategic subsidiary is off to a good start because it has completed a raise of ¥1.1 Billion (approx $10 million) of funding in its seed round.

    Animoca Brands is now operating Animoca Brands Japan
    Animoca Brands Japan will now start operating after a successful seed raise. Credit: Great Coin News

    About Animoca Brands Japan

    Animoca Brands Japan’s first order of business is to enable intellectual property (IP) holders in Japan to take advantage of the new digital technology. To achieve this, it will build a platform based on blockchain technology that covers the issuance of NFTs. In addition, the company will work with global professionals to help Japanese IP holders branch out into international markets.

    The new entity has worthy allies by its side. The $10 Million seed round was from  MCP IPX One Fund. MCP Asset Management and Animoca Brands established the fund. Other investors include Kodansha Ltd. and Nishi-Nippon Railroad. Institutional investors from Japan and overseas, including Sumitomo Mitsui Trust Bank, also participated.

    Animoca Brands Japan is based in Tokyo’s Minato Ward and led by representative director Motoki Tani. He previously held executive positions as managing director and senior portfolio manager of Millennium Capital Management.

    Why Japan?

    Yat Siu, co-founder and executive chairman of Animoca Brand, shared what makes the Japanese market attractive. He commented:

    “Japanese intellectual property includes a wealth of high-quality and appealing content. We are excited to establish Animoca Brands Japan and deeply honored to bring on institutional capital from the world’s most influential names in global Japanese culture, such as Kodansha and others. Our Japanese division will focus on partnering with IP owners in Japan to enable them to offer new Web3 products and services in the open metaverse.”

    Japanese IPs for Animoca Brands Japan
    Animoca Brands Japan can explore IPs of iconic animes!  Credit: Lingua Lift

    Expanding in Japan is actually a natural progression for Animoca Brands. Back in 2015, it enjoyed rapid success thanks to its mobile game featuring Japanese IP Doraemon. Users downloaded Doraemon Gadget Rush 1.8 million times in less than two weeks after the launch. So in terms of understanding the market, the company has it covered.

    In addition, the Asian market is also heating up in terms of NFT and Metaverse adoption. China’s tech giants like WeChat owner Tencent and TikTok owner ByteDance are headed to the Metaverse. So this move will give Animoca Brands a solid footing in the region.

    The parent company of The Sandbox can expand into any NFT segment or territory because early this year, it raised $358.8 Million with a  $5 Billion valuation. Aside from Japanese IPs, it is also looking to strengthen its hold of play-to-earn games. Together with Brinc, it launched a $30 Million guild accelerator program.

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Animoca Brands Animoca Brands Japan Animoca Brands KK Japanese IP
    Theo
    • LinkedIn

    Theo is NFTevening co-founder. He has been in the digital marketing & Media industry for the past 7 years and is involved in several big publishing companies - Reaching 35Millions users monthly across 20 different countries. He is a nostalgic gamer, a Witcher-fan and a huge NFT-enthusiast !

    More great NFT Evening content:

    Rarible Launches New Product To Easily Build Custom NFT Marketplaces

    August 8, 2022 News

    Tinder Scraps Metaverse Dating Plans: Here’s Why

    August 7, 2022 News

    Mark Zuckerberg’s Little League Baseball Card Is Now For Sale As NFT

    August 7, 2022 News

    Netflix, Decentraland Partner To Bring ‘The Gray Man’ To The Metaverse

    August 7, 2022 News
    Latests NFT News

    Rarible Launches New Product To Easily Build Custom NFT Marketplaces

    August 8, 2022

    Along with the Gods partner to giveaway $40k worth of P2E Game NFTs

    August 8, 2022

    Tinder Scraps Metaverse Dating Plans: Here’s Why

    August 7, 2022

    Mark Zuckerberg’s Little League Baseball Card Is Now For Sale As NFT

    August 7, 2022


    By signing up, you agree to the our terms and our Privacy Policy agreement

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • News
    • Sponsored Content
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.