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Animoca Brands, a game development company based in Hong Kong, will establish a strategic subsidiary, Animoca Brands Co., Ltd. (Animoca Brands Japan) on the 15th, and will start full-scale business in Japan.Announced.. At the same time, it also revealed that it raised 1.1 billion yen from domestic and foreign investors such as Kodansha, Nishi-Nippon Railroad, and Sumitomo Mitsui Trust Bank in the seed round in January this year.
Animoca Brands will invest in Axie Infinity and own Metaverse’s NFT game, The Sandbox. In Japan, Animoca Brands Japan was established in October 2021.
In the release, the company said, “We will enable intellectual property (IP) holders in Japan to build and expand their fan community by issuing their own NFTs and fungable tokens and participating in the extensive Web3 ecosystem. “We aim to do so,” he said. “We will work with experts around the world to help Japanese IP holders expand into overseas markets.”