Animoca Brands Japan raises $45m to grow Web 3.0 business

Animoca Brands Japan raises $45m to grow Web 3.0 business

The Animoca Brands team in Hong Kong.

Animoca Brands, the Hong Kong-based crypto games and Web 3.0 investment company, is raising its stakes in Japan, with its local subsidiary raising $45 million in new financing at a pre-money valuation of about $500 million, the firm announced on Friday.