Psychic VR Lab receives ¥100M from Animoca Brands Japan

Animoca Brands Japan, has recently announced its investment of 100 million yen in Psychic VR Lab. This deposit is a part of the JP¥1 billion ($7.8 million) funding round by a Japanese company in Dec in the year 2022.

Kyoya Okazawa, stated that they are looking forward for X.R. technology to expand the chances of actual space, and the value of urban areas like parks and atriums of the buildings would rise with the accumulation of virtual parts. Adding entertainment and media in these areas would be feasible as they would create new business chances on these digital platforms by fastening them with the universal Web3 sphere of Animoca Brand having more than 400 companies. They would also leverage material from Animoca’s IP partners.

Backed by partner businesses and portfolio companies like Psychic VR Lab, Animoca Brands Japan takes forward the mission of Animoca Brands with the aim of building a Web3 ecosphere in Japan. This Web3 offers correct digital ownership to every individual, which is a remarkable economic prospect in Japan as well as across the globe. Like its parent company Animoca Brands also keep depositing to the enhancement of Web3 with its strategic investment plans.

Source