Animoca Brands has partnered with Japanese trading firm Mitsui to accelerate Web3 initiatives in Japan.
Animoca Brands, the company behind crypto projects like The Sandbox and Revv, has stepped up its startups in Japan. The blockchain startup has partnered with Mitsui to create a new Web3 business in Japan. Mitsui stands out as a trading firm based in Japan.
Animoca Brands to Partner with Mitsui
Animoca Brands, the company behind popular metaverse project The Sandbox, has teamed up with Mitsui to set up a Web3 business in Japan.
In addition to investing in Animoca, Mitsui will also support the company in many initiatives. The two companies will focus on blockchain use cases on applications such as healthcare and decarbonization. Businesses will be developed within the scope of joint ventures and cooperation.
Animoca is known as a game company behind games like The Sandbox and Revv. Animoca Brands also invested in OpenSea and Yield Guild Games.
The Hong Kong-based blockchain company aims to increase its dominance in the Asian region with Web3 initiatives in Japan.
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