Animoca is expanding into the Japanese market with a new subsidiary focused on Japanese IP, and Rarible NFT services will be offered as part of a new VR experience.
Animoca Brands, a blockchain games and Metaverse firm, has established a strategic branch in Japan after obtaining $10 million. Animoca Brands KK, the new business, intends to spread popular Japanese material into NFTs, the Metaverse, and fungible tokens via Web3 apps. The funds were obtained by MCP Asset Management’s MCP IPX One Fund, a Japanese investment company. Yat Siu, co-founder and executive chairman of Animoca Brands, said “this one is pretty huge” due to the content being introduced into the NFT market and the magnitude of the enterprises currently engaged.
The Sandbox (SAND), Axie Infinity (AXS), and Dapper Labs are among Animoca’s other notable investments in NFTs and the Metaverse. Rarible and Cyber also collaborated to establish a virtual reality platform for NFTs.
According to DappRadar, Rarible is the 19th largest NFT marketplace, with $47,000 in trading volume in the last 24 hours.
Since March 2021, after his Steve Aoki series debuted, Aoki has been offering NFTs on the OpenSea NFT marketplace. Since then, the library has seen 547 ETH transferred between 953 owners, for a total amount of 547 ETH. The Aok1verse Metaverse iteration is his most recent journey into the NFT area. Aoki owns a Yat that serves as his own URL and has over USD 1 million in Bored Ape Yacht Clubs and Adidas Originals NFTs.