Animoca Brands partners with Coincheck to offer NFTs to mainstream audience in Japan
18 December 2020: Animoca Brands and Coincheck announced today a collaboration to distribute Animoca Brands’ various non-fungible tokens (NFTs) in the Japanese gaming market through the Coincheck NFT marketplace to be launched soon. As part of the collaboration, Coincheck will work on listing on its own marketplace the NFTs produced by Animoca Brands, including for F1® Delta Time, and other titles in the REVV Token ecosystem, including upcoming games based on MotoGP™ and Formula E.
Coincheck is one of the largest digital currency exchange platforms in Japan, with over 2.15 million users, and one of the first exchanges to secure Japan’s Financial Services Agency (FSA) criteria for licensing. Coincheck is creating an NFT marketplace, expected to launch in early 2021, that will list NFTs exclusively from companies selected on the basis of reputability.
Previously, Coincheck and Animoca Brands announced a partnership to distribute the NFTs utilized in The Sandbox through the Coincheck NFT marketplace (refer to announcement of 16 September 2020).
Amo Kensuke, Executive Officer of Coincheck, commented: "With 1.9 billion viewers worldwide, Formula 1® has a huge community. We look forward to collaborating with F1® Delta Time and Animoca Brands. Coincheck already has 3 million app downloads, 2 million users, over $100 million worth of ETH in our custody. Japanese users who are not yet familiar with F1® Delta Time will learn about the game as they purchase NFTs on Coincheck's NFT marketplace.”
Yat Siu, the co-founder and chairman of Animoca Brands, commented: “It is a privilege to expand our collaboration with Coincheck to bring F1® Delta Time NFTs to the Japanese market. Coincheck’s substantial user base, reach, and reputation as an FSA-licensed exchange will allow us to deliver our premium NFTs to a mainstream audience and boost participation in the game.”
Coincheck, Inc. offers a diverse range of crypto asset services, including Coincheck, a crypto asset exchange service with the highest number of downloaded apps in Japan and more than 2.15 million users(*). With a mission to make the exchange of new values easier, Coincheck is working to develop better services created from crypto assets and blockchain. *As of September 30, 2020
About Animoca Brands
Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of products including the REVV token, games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, WWE, Garfield, Snoopy, Thomas & Friends™, Power Rangers, MotoGP™, Formula E, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.