Animoca Brands has announced the launch of a new Web3 fund to support Japanese animation, aiming to integrate beloved IP onto the blockchain.
Launch of Web3 Fund for Japanese Animation
Animoca Brands, a leading player in blockchain gaming and investments, has partnered with Antler Ibex Japan to launch a fund focused on developing unique Japanese animation content in the Web3 space. The announcement was made at the WebX conference in Tokyo on August 26. The fund's main goal is to create a robust ecosystem that integrates beloved characters and stories into blockchain-based platforms.
The Value of Japanese Animation in Web3
According to Sandeep Kashi, a partner at Antler Ibex Japan, as much as 90-99% of Japanese animation remains untapped in offline markets, representing significant dormant value. Bringing this content on-chain could create new opportunities for revenue and fan engagement, thereby increasing global accessibility and expanding the audience for Japanese animation.
The Future of Japanese Animation in Web3
The fund is set to be a catalyst for ushering in a new era of digital innovation for Japanese animation. We can expect the emergence of NFTs, blockchain games, and interactive metaverse experiences that foster more active fan engagement with the content. At the same time, the initiative faces challenges such as complex copyright laws and the need for widespread adoption of Web3 technologies, but with Animoca Brands' experience, the prospects look promising.
The launch of the Web3 fund by Animoca Brands and Antler Ibex Japan marks a significant step towards making Japanese animation more accessible and interactive for a global audience. This opens up new horizons for fans and content creators in the digital realm.
