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Animoca Brands Japan will use the new capital to continue to secure licenses for popular intellectual properties, develop internal capabilities, and promote adoption Tokyo, - Animoca Brands KK (“Animoca Brands Japan”), a strategic subsidiary of Animoca Brands Corporation Limited focusing on cooperative partnerships in Japan for NFT Line users in Japan can now store their NFTs in their Line-powered digital asset wallet and trade them with friends. According to a report from Blockchain.News Animoca Brands Japan, the Japan-based subsidiary of blockchain and venture capital firm Animoca Brands Corporation Limited, has raised significant funding to help Asia’s crypto games and web3 investment powerhouse Animoca Brands is making inroads into Japan as its local unit picks up $45 million in financing at a $500 million Animoca Brands KK, the Japanese branch of the Hong Kong-based game software company, has raised $45 million for Web3 development in Japan. The firm raised

Animoca Brands Japan Raises $45M for Web3 and NFT Development: Fueling Japan's Web3 Revolution

Asia’s crypto games and Web3 investment powerhouse, Animoca Brands, is significantly expanding its presence in Japan. Animoca Brands Japan, a strategic subsidiary of Animoca Brands Corporation Limited focusing on cooperative partnerships in Japan for NFT development, has successfully raised $45 million in financing at a $500 million valuation. This substantial investment underscores the growing importance of Japan as a key market for Web3 technologies.

Animoca Brands KK, the Japanese branch of the Hong Kong-based game software company, secured the funding to further its Web3 development initiatives within the country. According to a report from Blockchain.News, the raised capital will enable Animoca Brands Japan to accelerate its strategic objectives. The firm raised $45 million to bolster its capabilities and expand its reach in the Japanese market.

Strategic Use of Funds: Licensing and Capability Building

Animoca Brands Japan will use the new capital to continue to secure licenses for popular intellectual properties, develop internal capabilities, and promote adoption. This includes securing licenses for well-known Japanese IPs, enabling the creation of unique NFT experiences for users. This investment signifies Animoca Brands' commitment to fostering a thriving Web3 ecosystem in Japan.

NFT Accessibility for LINE Users

Animoca Brands KK is focused on bringing NFTs to a wider audience. For example, Line users in Japan can now store their NFTs in their Line-powered digital asset wallet and trade them with friends. This integration represents a significant step towards mainstream NFT adoption in Japan. The $45 million investment will help Animoca Brands Japan further integrate and promote such accessible Web3 solutions.

This recent funding round positions Animoca Brands Japan as a leader in driving Web3 innovation and NFT adoption within the Japanese market. The company's focus on securing licenses for popular intellectual properties and developing user-friendly platforms ensures a promising future for Web3 technologies in Japan.

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