Mitsui & Co. partners with Animoka
Mitsui & Co., Ltd. announced on the 19th that it has signed a memorandum of understanding regarding a capital and business alliance and a strategic partnership with Animoca Brands, a major web3 company.
Mitsui & Co. is one of Japan’s five largest trading companies, with a market capitalization of 8.6 trillion yen. In the full-year financial results announced in May of this year, the company achieved a record high profit thanks to the significant depreciation of the yen, the appreciation of the dollar, and the rise in the prices of natural gas, crude oil, and other resources. The final profit (net profit) surpassed the 1 trillion yen mark for the first time as a general trading company.
Based in Hong Kong, Animoca is a service provider company that utilizes web3, such as blockchain games, from basic technologies such as web3 protocols and infrastructure, in parallel with actual web3 business that utilizes digital assets and blockchain technology. It is one of the world’s leading web3 leading companies that has invested in more than 450 companies in a wide range of fields and has built its own ecosystem.
Mitsui aims to create new businesses that contribute to the spread and innovation of web3 mainly in Japan by utilizing its wide range of business assets, from consumer business to industrial business, as well as its partner and customer networks.
In addition, we will accelerate strategic partnerships in a wide range of areas, such as the development of joint businesses and the establishment of joint ventures in various fields such as the application of blockchain technology in the wellness field, decarbonization, and carbon credit fields, to solve social issues. I will connect to it,” he said.
Furthermore, through this partnership, we will strengthen business development in the fields of blockchain technology and digital assets, and promote initiatives to support the development of a digital society and the enrichment of our customers’ lives.
Animoka Japan branch office
In October 2021, Animoca Brands established “Animoca Brands KK” as a strategic subsidiary with an eye on the Japanese market.
In January 2010, we completed a seed round of about 1.1 billion yen, and the first fund included Kodansha, which is known for Weekly Shonen Magazine, Nishi-Nippon Railroad, Sumitomo Mitsui Trust Bank, etc. Large corporations participated in the project and received a positive response.
connection:Animoca Brands, the largest Web 3.0 company that invests in NFT games, enters Japan and raises 1.1 billion yen from Kodansha and others
Mitsui & Co. Digital Commodities issues Zipang Coin
Speaking of Mitsui & Co., Mitsui & Co. is known for its advanced initiatives, such as the issuance of Zipangcoin (ZPG), a crypto asset (virtual currency) that aims to be linked to the price of gold. be done.
Zipangucoin is listed on bitFlyer, a major domestic crypto asset exchange, and has attracted a great deal of interest from market participants due to its features such as an inflation hedging function in line with the recent rise in gold prices.
In the future, we plan to implement a function to exchange with physical gold, and we are also planning to commercialize crypto assets linked to other commodities in the future.
connection:Mitsui Bussan Digital Commodities Issues Zipangu Coin (ZPG) Worth 100 Million Yen