Animoca Brands has partnered with Ibex Japan, part of Antler’s innovation division, to set up a Web3 investment fund focused on licensing Japanese anime and manga content for blockchain projects.
The new fund was announced at the WebX conference in Tokyo, with the details also shared by Animoca on X.
Leading the initiative are Sandeep Casi from Ibex Japan and Keyvan Peymani, a senior adviser at Animoca, according to a report by CoinPost, a local news outlet.
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Casi explained that much of Japan’s intellectual property (IP) is not currently being used, despite its value. He estimated that between 90% and 99% of the country’s IP remains inactive.
He also emphasized Antler’s global resources, which include a presence in 22 cities, $1.2 billion in assets, and a network of around 250,000 entrepreneurs.
According to Animoca’s co-founder and chairman, Yat Siu, the company already operates in Japan through its subsidiary, ABKK. Siu said the goal of the new fund is to bring Japanese IP to a global audience and highlighted that the use cases will not be limited to entertainment or gaming.
Siu noted that current market conditions are favorable, especially with non-fungible token (NFT) prices recovering. He said this improvement signals a good time to bring more IP onto blockchain platforms.
The project’s main objective is to connect overlooked Japanese content with blockchain developers who can use that IP in practical ways.
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