Tokyo, 26 August 2022 — Animoca Brands KK (“Animoca Brands Japan”), a strategic subsidiary of Animoca Brands Corporation Limited focusing on cooperative partnerships in Japan for NFT-related business opportunities, today announced that it has raised a total of US$45 million from MUFG Bank, Ltd. (“MUFG”) and Animoca Brands Corporation Limited valuing the company at approximately US$500 million (pre-money). As stated in the press release of 3 March 2022, Animoca Brands Japan has been considering a collaboration with MUFG for NFT related business opportunities.
Animoca Brands Japan will use the new capital to continue to secure licenses for popular intellectual properties, develop internal capabilities, and promote adoption of Web3[1] 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.
[1] Web3 is the concept of the next generation of the Internet. It is characterized by data and other information being decentralized and distributed among various entities, enabling them to connect directly with each other.
Overview of the investment
Investor: MUFG Bank, Ltd.
Amount: US$22.5 million
URL: https://www.mufg.jp/english/pressrelease/index.html
Investor: Animoca Brands Corporation Limited
Amount: US$22.5 million
URL: https://www.animocabrands.com/all-announcements
About Animoca Brands Japan
Animoca Brands Japan (Animoca Brands KK) is a Japanese strategic subsidiary of global Web3 company Animoca Brands. It was established in 2021 to support the adoption of Web3 among Japanese intellectual property (IP) and content holders. Animoca Brands Japan enables famous IP holders in Japan to participate in the Web3 ecosystem while leveraging the network, reach, and expertise of Animoca Brands in contributing to the establishment of the open metaverse.
Address: 3-13-7 Kita-Aoyama, Minato-ward, Tokyo
Representative: Motoki Tani
Service: Provision of Web3 platform construction services using blockchain NFT
Date of establishment: October 25, 2021
URL: https://www.animocabrands.co.jp
Press Release: https://www.animocabrands.co.jp/whatsnew
About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.
For more information, visit https://www.mufg.jp/english.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including the SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, and Be Media. Animoca Brands has a growing portfolio of more than 340 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others.
For more information visit www.animocabrands.com or follow on Twitter or Facebook.
