NFT platforms Ucollex raises $10M

NFT Ucollex – earning several million dollars

Ucollex, a Hong Kong non-fungible token (NFT) platform focused on art and pop culture collectibles, has completed a $10 million Series A funding round led by Animoca Brands and MCP IPX One fund from Japanese investment firm MCP Asset Management. The company’s valuation has not been disclosed.

Animoca Brands has a portfolio of over 150 investments in NFT-related companies, including Dapper Labs and Sky Mavis.

The Ucollex NFT platform does not require buyers to have a digital wallet and offers exclusive content, artist interviews, 3D art and virtual reality experiences. Last fall, he teamed up with crypto exchange Binance to support the first NFT launch from luxury fashion brand Jimmy Choo.

The new capital will be used to scale operations, including platform and blockchain technology development, Ucollex board member Roberto Grande told CoinDesk in an email. The funding will also help drive marketing efforts related to major intellectual property (IP) partnerships to be announced soon.

“Collectible Fun” will be our core offering here as we seek to connect the existing global fandom of pop culture collectibles with the new paradigm of blockchain ownership and utility,” Ucollex CEO Robert Tran told CoinDesk.

“Anime, toy and pop culture illustrators are our focus in 2022 as we believe these digital collectibles have a very strong impact on new consumer spending,” Tran continued.

Animoca Brands co-founder and executive chairman, Yat Siu, said in a press release that “we are excited to lead this investment, which we believe will facilitate intellectual property participation in the open metaverse.”

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