Animoca Brands KK (“Animoca Brands Japan”) is a strategic subsidiary of Animoca Brands Corporation Limited focusing on cooperative partnerships in Japan for NFT-related business opportunities. They just announced that they have raised a total of $45 million dollars from MUFG Bank, Ltd. (“MUFG”) and Animoca Brands Corporation Limited valuing the company at approximately $500 million dollars (pre-money).
Animoca Brands Japan will use the new capital to secure licenses for popular intellectual properties, develop internal capabilities, and promote the adoption of web3 to multiple partners, increasing the value and utility of their branded content while fostering the development of a safe and secure NFT ecosystem in Japan.
