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Animoca Brands snags strategic investment from Japan's Mitsui

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Animoca Brands, known for its investments in the metaverse and gaming, announced a strategic partnership with Mitsui & Co.

, known for its investments in the metaverse, gaming, and education sectors, announced a strategic partnership with Mitsui & Co. that will include an undisclosed investment from the Japanese conglomerate.

"Mitsui and Animoca Brands aim to create new business that contributes to innovation and the uptake of web3 in the Japan market, by utilizing Mitsui’s extensive assets ranging from industrial businesses to consumer businesses, as well as its extensive partner and customer networks," Animoca Brands said in aThe two companies will work on projects that include the application of blockchain technology in wellness and decarbonization, according to the statement.

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