Animoca Brands Invests in SG Web3 Startup

Imaginary Ones, a Web3 startup based in Singapore, was among those that capitalized on the non-fungible token hype, releasing a collection of 3D “bubble character” NFTs in 2022 that was sold out. But as the trend started to decline in 2023, the company said it is expanding its Web3 services into gaming, content, and merchandise.
 
To that end, Imaginary Ones has raised a fresh round of funding led by Dubai-based crypto investment firm Cypher Capital. Participants in the fundraise include Animoca Brands, ED3N Ventures, and MH Ventures.
 
While Imaginary Ones did not disclose the funding stage or amount, it said the round was oversubscribed.
 
“Our Web3 entertainment roadmap brings together gaming, merchandise, and content to create the Imaginary World,” said co-founder Clement Chia. “Imaginary World unites experiences in both the metaverse and in real life, where users play, interact, and build together.”


Source: Tech in Asia