Animoca leads NFT platform’s $10m series A round

Hong Kong-based Ucollex, a platform for toy, art, and pop-culture NFTs, has raised US$10 million in a series A round led by Animoca Brands with MCP IPX One Fund participating.

Photo credit: Ucollex

Ucollex, which was founded by Robert Tran in 2021, is a trading platform for digital collectible toys.

Its latest raise will fund its blockchain tech and metaverse capabilities as it looks to tap into the anime and manga communities as well.

Around US$25 million in NFT sales were transacted across blockchains in 2021, with Q3 seeing a huge jump in transactions before slowing down by Q4.

See also: Meet Singapore’s pioneering NFT creators