Animoca Brands Japan, a strategic subsidiary of Animoca Brands, has shared that it made a strategic investment of ¥100 million, or approximately $773,996, into Psychic VR Lab’s ¥1 billion fundraising round in December last year.
Considering Psychic VR Lab’s role as a leader in Japan’s extended reality (XR) space, Animoca Brands saw it fit to contribute to building the project. The investment will lead to more collaborations in the future and building the infrastructure for the ‘Real Metaverse.’ The investment could be a part of the company’s proposed $2 billion fund to invest in upcoming metaverse projects.
Psychic VR Lab’s Real Metaverse
Animoca Brands Japan’s investment reportedly followed a previous collaboration with Psychic VR Lab in June 2022. The two companies jointly presented an XR NFT Art Exhibition leveraging XR technology. The exhibition showcased Japanese art and culture by overlaying artists’ creations over a virtual New York City ci
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