Animoca Brands' Japanese Subsidiary Raises USD 45 Million to Invest in NFT

Animoca Brands KK, the Japanese subsidiary of Animoca Brands, a Hong Kong-based gaming software company, announced that it has raised USD 45 million from Mitsubishi UFJ Financial Group (MUFG), the world's second largest financial group, and its parent company Animoca Brands.

Animoca Brands Japan said the new capital will be used to invest in popular intellectual property licenses, develop the company, promote NFT adoption, and build a network for NFTs.