NFT Platform UCOLLEX Closes US$10 Million Series A Led by Animoca Brands

NFT Platform UCOLLEX Closes US$10 Million Series A Led by Animoca Brands

by February 25, 2022

UCOLLEX, a Hong Kong-based NFT platform, announced that it has completed a US$10 million Series A funding round led by Animoca Brands and MCP IPX One Fund (IPX Fund), which was established by MCP Asset Management (Japan).

The company runs a next-generation creators’ platform that makes NFTs available to everyone, helping creators build their fanbase economy with the best-of-class technology and community — shaping a world where fans can engage with the creator’s metaverse.

The raise will enable UCOLLEX to invest extensively in blockchain technology and establish metaverse frontiers.



With this expansion, UCOLLEX aims to increase its visibility and presence across the worlds of anime, manga, and toy communities.

Robert Tran, Founder of UCOLLEX said,

“With the market demand for NFTs skyrocketing in 2021 and the NFT trade volume reaching US$25 billion, more and more creators are seeking opportunities to use NFTs and Web 3.0 to increase their exposure.

 

UCOLLEX is closing the loop between creators and collectors, providing a world where collectors can feel at home and live their passion for collecting through the best 3D art and innovative VR experiences.”

Yat Siu, the Executive Chairman and Co-founder of Animoca Brands

Yat Siu

Yat Siu, Executive Chairman and Co-founder of Animoca Brands said,

“We are pleased to lead this investment which we believe will make it easier for intellectual properties to participate in the open metaverse.

 

The team at UCOLLEX is using blockchain technology to close the loop between creators and collectors.”

Animoca Brands has a large portfolio of over 150 investments in NFT-related companies and decentralised projects that are contributing to building the open metaverse.