Animoca Brands said that the fraudulent token does not have any connection to the company.
An investor in non-fungible token and metaverse projects, Animoca Brands, today issued a scam alert regarding a new ERC-20 token, dubbed “Animoca Brands Metaverse” on Uniswap V2. The Hong Kong-based firm said the asset fraudulently claims to be associated with it and uses the symbol “Animoca.”, Animoca Brands clarified that the namesake token has no connection to the company.
The company also asked to switch to a new wallet immediately if any individual has already received or bought some of these tokens to mitigate the chances of being targeted in future scams.“Animoca Brands reserves the right to take necessary actions against the operators of the fake token for copyright infringement, impersonation, and misrepresentation, and against organizations and individuals that enable the fraudulent token to perpetuate its fraudulent claims.
The Japanese arm would allow intellectual property holders in the country to develop fan communities via the issuance of its own NFTs and fungible tokens and participation in the broader Web3 ecosystem. It also revealed plans to work with professionals worldwide to help Japanese IP holders expand into global markets., the company recently announced the launch of the Guild Accelerator Program to identify and invest up to $500K in the early-stage guild.
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