The Japanese arm of Animoka Brands raised $45 million

August was definitely a good month. Animoka And the systems. A few days after NFT’s video game arm received an Epic offering, its Japanese arm has completed a fundraising round.

as a body The price of 500 million dollarsAnimoka Brands KK has secured $45 million in funding from both Animoka, its parent company, and Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank.

Animoka in Japan

With this impressive round of evaluation and funding, Animoka Brands KK now intends to dive deeper into the Japanese gaming sector. This is a very strategic move considering how lucrative the Japanese market is for blockchain-based products like GameFi and NFTs.

At the same time, regulations regarding blockchain assets in Japan are still being resolved. Just recently, a law passed that imposes a 30% corporate tax on crypto-related profits, including unsecured profits.

As one can imagine, this was very unpopular among them The blockchain community in Japan And it has also sparked discussions about companies pulling out of the Japanese market. However, some remain undeterred.

Animoca has been particularly aggressive in developing blockchain-based assets and products, including a deal with OpenSea, the world’s largest NFT marketplace.

Now that this round of funding is complete, we can expect more projects to come from Animoka Brands KK.

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*All investment/funding opinions expressed on NFT Plazas are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should thoroughly research any product before making any investment.

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