Blockchain gaming and Metaverse company Animoca Brands has launched a strategic subsidiary in Japan after raising $10 million in seed funding.
The new subsidiary, named Animoca Brands KK, plans on expanding popular Japanese content into NFTs, the Metaverse, and fungible tokens through Web3 applications. The content includes anime such as My Hero Academia and Dragon Ball, games, art, sports, and others.
Funds for this latest expansion were raised in a $10 million seed round led by Japanese investment firm MCP Asset Management’s MCP IPX One Fund.
Animoca Brands co-founder and executive chairman Yat Siu told Cointelegraph that “this one is really big” because of the content being brought into the NFT space and the size of the firms now involved.
Siu also said in the official announcement from Feb. 15:
Animoca’s other major investments in NFTs and the Metaverse include The Sandbox (SAND), Axie Infinity (AXS), and Dapper Labs.
Virtual reality platform Cyber and NFT marketplace Rarible have teamed up to create a fully immersive virtual NFT marketplace.
The marketplace is compatible with the Oculus headset on mobile devices and gives collectors a way to browse collections in a 3D Metaverse setting. Using Cyber’s marketplace requires users to list their NFTs for sale on Rarible.
NFTs purchases directly in a 3D metaverse via @raribleprotocol ✅visitors can now buy NFTs without ever leaving your gallery space — just list your NFTs on @rarible ️fully immersive marketplace? we're just getting started ️ pic.twitter.com/k3Ofj5HfGD
Rarible is the 19th biggest NFT marketplace with $47,000 in trading volume over the past 24 hours according to DappRadar.
Azukita song performer Steve Aoki revealed that he makes more from trading NFTs than he has
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