Animoca Leads $10 Million Funding Round In Hong Kong NFT Platform Ucollex

Animoca Brands Invests $10M In NFT Platform Ucollex

Ucollex, a Hong Kong-based NFT platform, has raised $10 million in its series A funding from Animoca Brands, a local blockchain game developer.

The funds will be used to scale operations and further develop the platform, according to a company executive. The company also hopes to announce some partnerships, and the funds will be used to boost marketing efforts.

Ucollex, a company that turns physical collectibles into digital assets, promises a unique immersive experience for its community platform. Unique content, artist interviews, 3D art, and virtual reality experiences are all available on the cutting-edge platform. Collectors can use the platform without a digital wallet to invest in collectibles. They can also use the marketplace to buy and sell collectibles, as well as discover unique projects and collaborations.

CEO of Ucollex Robert Tran noted that the company was focusing its efforts on anime, toy, and pop culture illustrators in 2022 given the way the areas have been impacting new consumer spending. He said:

”Collectortainment’ is going to be our core offering here as we look to bridge the existing global fandom for pop culture collectables into the new paradigm of blockchain ownership and utility.”

Co-founder and Executive Chairman of Animoca Brands, Yat Siu, expressed delight in the company for leading the investment.

“We believe it will make it easier for intellectual properties to participate in the open metaverse,” he stated.

MCP Asset Management also participated in the funding round through the MCP IPX One Fund.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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