Crypto News
| Published On Aug 27, 2022 4:56 am CEST | By Peter Siu

Animoca Brands Japan Raises $45M Giving it a $500M Valuation

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The Japanese unit of investor in non-fungible token (NFT) and metaverse projects, Animoca Brands, has concluded the raise of $45 million.

The investment to secure local licenses and investments gives Animoca Brands Japan a pre-money valuation of $500 million.

The $45 million capital was provided by one of Japan’s largest banks MUFG and parent company Animoca Brands, both investing 50% and hence confirming its partnership in Japan, which had been in the making for a few months.

Hong Kong based Animoca Brands has investments worth over $1.5 billion spread out over more than 340 investments. The firm is an early investor in Play-to-earn game hit Axie Infinity while also having invested in NFT marketplace OpenSea.

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Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.