Japanese top gaming brands "Animoca" Raises over $45 million from MUFG Bank
Animoca Brand KK is a Japanese strategic subsidiary of Animoca Brands, established in 2021
Through this funding, Animoca Brand will focus on NFT (non-fungible token) related businesses.
They want to promote the development of a safe and secure web3 or NFT ecosystem in Japan
Also, they will use the funds to secure licenses for popular intellectual property (IP), develop internal capabilities, and continue to promote the adoption of Web 3.0 by multiple partners.
According to Google Trends, NFT related searches in Japan have increased in interest & becoming top destination for NFT services.
Japan are subject to a 30% tax in crypto bussiness