A strategic subsidiary of Animoca Brands, Animoca Brands Japan, announced that it had invested 100 million Japanese Yen (around $780k) in Psychic VR Labs, a leader in the extended reality field in Japan.
The money raised from this strategic investment will be used towards the vision of ‘realizing the world where people wear a space.’ Additionally, Animoca will mainly focus on creating a Web3 ecosystem in Japan with partner companies and portfolio companies such as Psychic VR Lab. It also envisions blockchain as a more equitable virtual society thanks to the player ownership element.
Masahiro Yamaguchi, the CEO of Psychic VR Lab, commented on the strategic investment and said, “We believe that the evolution of technology in the XR / Web3 field will not only change the structure of modern society but will also fundamentally change people’s lifestyles as a movement of world creation in the history of mankind. We hope to play a great role in this major turning point of history.”
About Psychic VR Lab
Founded in 2016, Psychic VR Lab’s vision is to make all humans awake their psychic power with VR. Its flagship platform ‘STYLY’ is a VR creative platform to provide artists with the place for three-dimensional expression. By utilizing STYLY, creators can make various spaces to render their imaginations limitlessly such as a conceptual shopping space, installation art and gallery. Through those spaces, you can share the experience that the reality has never seen up until now, with the internet world. For more information, please visit https://psychic-vr-lab.com/en