In a press release, Animoca Brands co-founder and executive chairman Yat Siu remarked that the company was honored to lead the fundraising round, which he believes will make it simpler for intellectual assets to engage in the open metaverse.
What you should know about Ucollex
Ucollex is a non-fungible token (NFT) platform established in Hong Kong that specializes in collectibles from the worlds of art and pop culture. Founded by artists who are also collectors, our goal is to make NFTs available in an affordable and accessible manner to the public.
Collectors may feel at home and live their passion for collecting through unique content, interviews with artists, the greatest 3D art, and innovative experiences. They hope to achieve this goal by providing exclusive content, interviews with artists, the best 3D art, and innovative experiences.
Funding Partnership With Animoca Brands
Animoca Brands and the MCP IPX One Fund from Japanese investment firm MCP Asset Management led a $10 million Series A funding round for the Hong Kong-based non-fungible token (NFT) platform. The company’s worth hasn’t been revealed.
Dapper Labs and Sky Mavis are among Animoca Brands’ approximately 150 investments in NFT-related firms and decentralized products.
Ucollex’s NFT platform delivers unique content, artist interviews, 3D art, and virtual reality experiences without requiring purchasers to have a digital wallet. It partnered with cryptocurrency exchange Binance last fall to assist the first NFT launch from the premium fashion house, Jimmy Choo.
What Would the Proceeds be Used for?
Ucollex board member Roberto Grande told newsmen in an email that the extra funds will be utilized to scale operations, including platform and blockchain tech development. The funds will also be used to support marketing efforts for major intellectual property (IP) collaborations that will be revealed soon.
According to Ucollex CEO Robert Tran, the brand’s key offering will be ‘Collectortainment,’ as they want to integrate the existing worldwide fanbase for pop culture collectibles with the new paradigm of blockchain ownership and utility.
He went on to say that anime, toy, and pop culture illustrators will be their main emphasis for 2022, as they anticipate these digital artifacts will have a significant impact on new consumer buying.
“We are pleased to lead this investment, which we believe will make it easier for intellectual properties to participate in the open metaverse,” said Yat Siu, co-founder and executive chairman of Animoca Brands.