Animoca Brands Japan, a strategic subsidiary of Hong Kong-based Web3 firm Animoca Brands, has on Friday announced a partnership with HashPalette to support the global expansion of the Japanese Web3 gaming sector.
As part of the partnership, Animoca Brands will provide marketing support for the global expansion of HashPalette’s game THE LAND ELF Crossing (THE LAND), Animoca Brands said in a statement.
According to the statement, Animoca Brands Japan and HashPalette will collaborate on THE LAND, the metaverse blockchain game developed and published by HashPalette.
The partnership will also promote collaboration with the ecosystem that Animoca Brands is building through its portfolio companies and partners around the world, and will foster various initiatives with the aim to bring THE LAND to overseas audiences.
“We are very pleased to be partnering with Animoca Brands Japan and Animoca Brands, a leader in the global entertainment blockchain market,” said Seihaku Yoshida, the Chief Executive Officer, chairman of the board, and Founder of HashPalette.
“THE LAND ELF Crossing is the first blockchain game token IEO in Japan to be implemented on bitFlyer, one of the largest crypto asset exchange exchanges in Japan, with over 150,000 users already pre-registered,
“We expect that this partnership will be the starting point for THE LAND, which aims to become Japan’s leading blockchain game, to be enjoyed by many users around the world,” he added.
HashPalette is a wholly owned subsidiary of HashPort Inc. focused on non-fungible tokens (NFTs).
HashPort provides business collaboration services using SoulBound Token (SBT) and a development platform for Web3 wallets to financial companies.
HashPalette will provide one-stop support from technical infrastructure to content dissemination, including publishing of blockchain games.
Specifically, it develops Palette Chain, a blockchain network optimized for NFT distribution, issues and distributes PLTs (Palette tokens), operates PLT Place, the largest proprietary domestic NFT marketplace, and develops and operates X-to-Earn products.
In July 2021, the first IEO for the Palette Token (PLT), the native token of the “Palette Chain,” was conducted, attracting approximately 22.4 billion yen ($149.96 million) in subscriptions against an offering of approximately 900 million yen ($6.03 million).
The upcoming IEO for the ELF Token will be the second IEO for the company.
Participation in the IEO is subject to additional terms and conditions and eligibility requirements of bitFlyer.
THE LAND ELF Crossing is a metaverse farming blockchain game published by HashPalette.
In THE LAND, player can receive rewards by delivering items created by crop production, and use those rewards to develop your own town.
Some crops can be taken out of the game as NFTs and sold for ELF Tokens.
In addition, rare Star Seeds’ can be obtained by growing rare items called Star Crops.
Some Star Crops can be exchanged for up to 1 million yen ($6,694) worth of ELF Tokens at PLT Place.
“We are thrilled to support HashPalette as it continues to revolutionize the Web3 user experience in Japan by providing Web3 wallet services and blockchain games for the Expo 2025 Osaka, Kansai, Japan, which it is working on as a member of the HashPort Group,” said Minh Do, the chief operating officer of Animoca Brands.
“Japanese games are incredibly popular around the world, and have great potential in the blockchain gaming space. We believe this initiative will have a positive impact on Animoca Brands and the broader Web3 industry,” he added.
Daisuke Iwase, the Chief Executive Officer of Animoca Brands Japan, said that the firm is pleased to partner with HashPalette to support the overseas development of THE LAND ELF Crossing, a Web3 title that shows off the creativity and fun of Japanese game design and that they think offers significant potential for overseas expansion.
Founded in 2021, Animoca Brands Japan is the strategic subsidiary in Japan of Animoca Brands Corporation Limited, a leading global Web3 company.
Animoca Brands Japan was established to support the global Web3 strategies of Japanese intellectual property and content holders such as major publishers, brands, education, sports teams, athletes, artists, and game companies.
The firm provides a platform that combines IPs with blockchain technology, and supports IP holders to build their own ecosystem through a full stack of Web3 services, providing a bridge between Japanese IPs and global fans.