Animoca Brands and Antler Launch Web3 Fund for Japanese IP
- Animoca Brands has partnered with Ibex Japan to create a Web3 entertainment investment fund.
- The fund aims to bring Japan’s dormant anime and manga intellectual property (IP) onchain, with estimates suggesting that “90% to 99%” of this IP is underutilized.
- Antler manages $1.2 billion in assets and operates in over 22 cities globally, enhancing the fund’s potential reach.
- The initiative will also explore applications beyond gaming, including fintech and healthcare sectors.
- NFT market capitalization recently peaked at $9.3 billion, reflecting a resurgence in digital assets.
This partnership represents a significant step towards leveraging Japan’s rich cultural IP for global markets through NFT technology and other digital innovations. The co-general partners plan to announce initial targets soon, emphasizing the value of previously untapped resources.
With the NFT market growing by approximately $2.7 billion since July, this fund could play a crucial role in revitalizing Japanese IP on an international scale.(Source)
