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Animoca Brands Japan and KDDI Enter Strategic Agreement

Animoca Brands Japan, a strategic subsidiary of Animoca Brands, and KDDI Corporation (“KDDI”) have signed a memorandum of understanding (MoU) to explore a strategic alliance to accelerate Web3 adoption including collaboration between Mocaverse, the marquee growth network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems seeded by Animoca Brands, and αU (Alpha U), the metaverse and Web3 service by KDDI. Animoca Brands and KDDI aim to provide a more seamless and interoperable experience for the Web3-curious to enjoy Web3 games, culture, and entertainment globally.

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The MoU announced is an initiative to explore the integration of Mocaverse’s on-chain decentralized identifier (DID) Moca ID with αU wallet, enabling customers of αU wallet to seamlessly access Web3 content such as games, entertainment, and culture within the Mocaverse ecosystem.The MoU will also promote collaborations between the intellectual property (IP) and Web3 content of Animoca Brands and αU, including offering sales of NFTs for the Web3 game PHANTOM GALAXIES™ on the NFT marketplace αU market.

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Animoca Brands is a leading Web3 company that both invests in various areas including blockchain games, metaverses, DeFi, and wallets, and also builds its own Web3 ecosystem. Animoca Brands Japan is a strategic subsidiary of Animoca Brands that supports the global expansion of Japanese IP and content holders in the Web3 domain.

Kensuke Amo, COO of Animoca Brands Japan, said: “I am delighted that we have entered into an MoU to accelerate Web3 adoption with KDDI Corporation, allowing us to explore various initiatives. This collaboration is expected to serve as a bridge between Japan and the global Web3 community. Furthermore, this collaboration will be the initial step toward a society that leverages Web3, where individuals can seamlessly connect with various blockchain applications on a personal level. Animoca Brands Japan is committed to actively contributing to the mass adoption of Web3 by leveraging Animoca Brands’ network, which includes over 400 portfolio companies, as well as our expertise in the business and regulatory landscape of Japan’s Web3 industry.”

About Animoca Brands Japan

Animoca Brands KK was established to support the global Web3.0 strategies of Japanese intellectual property and content (IP) holders, including major publishers, brands, education, sports organizations, athletes, artists, and gaming companies. Ta. It will become a strategic subsidiary in Japan of Animoca Brands Corporation Limited, a world leading Web3 company based in Hong Kong.

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