Astar Network raises funding to take blockchain content to Japan
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Summary
Astar Network, which acts as a gateway for blockchain projects aiming to enter the Japanese market, has secured a strategic investment from Animoca Brands, a major Web3 entertainment investor.
As part of the deal, the two companies will focus on scaling entertainment solutions and onboarding innovative Japanese and Asian intellectual property to Web3.
Anime ID, a partnership between Animoca’s Moca Network and San FranTokyo, will act as a reputation layer on the Soneium blockchain.
The collaboration will build on Astar’s goal of expanding Web3 adoption by providing developers, creators and businesses with the tools to build blockchain-based entertainment platforms.
Future initiatives include exploring the development of a fund focused on IP and entertainment, which has attracted the interest of institutional investors.