Animoca Brands and Coincheck have entered into a strategic partnership to further their metaverse endeavors in Japan by creating different Web3 experiences and communities using blockchain.
Coincheck and Animoca Brands have been continuously working together since 2020. Now, they have strengthened their relationship even more to produce more content and expand in Japan’s Web3 market.
According to the press release, Animoca Brands will focus on project development and intellectual property rights while Coincheck will help in distribution and community growth in the market.
“It is a privilege to enhance our collaboration with Coincheck and deliver more premium NFT, metaverse, and gaming projects to the mainstream audience in Japan,” said Animoca Brands’ Chairman Yat Siu.
So far, both companies have worked together in the NFT space. Coincheck’s new NFT platform has listed two of Animoca Brands’ NFT projects, LAND NFTs from The Sandbox and Otherdeed NFTs for trading.
Recently, Coincheck announced the development of its metaverse city “OASIS TOKYO” in partnership with The Sandbox, which is the gaming subsidiary of Animoca Brands as well.
“By strengthening our partnership, we hope to be a bridge to the Japanese market for both NFT and fungible token projects to boost the Web3 industry,” Kensuke Amo from Coincheck said.