Blockchain Gaming Publisher Animoca Brands Secures $75M


On July
12, Blockchain gaming platform startup Animoca Brands Corp. Ltd. announced that
it has raised $75.32 million in new funding to advance the open metaverse and fund
product development, investments, strategic acquisitions, and secure licenses
for popular intellectual properties.
The funding
round at a valuation of $5.9 billion was backed by investors like Liberty City
Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited
Partnership Fund, Generation Highway, Cosmic Summit Investments, and others.
Animoca has raised a total of $675.3 million to date including the last funding round
held last January. On January 18, Animoca raised US$358,888,888 (approximately
A$500.3 million) at a pre-money valuation of over US$5 billion to grow the open
metaverse. Investors presented such as C Ventures, Delta Fund, Gemini Frontier
Fund, Soros Fund Management, and Winklevoss Capital.
“Digital
property rights represent a society-defining generational shift that impacts
everyone online and will set the stage for the emergence of the open
metaverse,” Yat Siu, co-founder and executive chairman of Animoca Brands, said
in a statement.
With the
help of decentralized Web3 technology, Animoca is also heavily invested in non-fungible
tokens, which can be utilized in metaverse-related gaming projects that consolidate
digital property for online clients.
The
company says it uses blockchain and NFTs technologies to provide true digital
ownership to the virtual assets and data of the users, empowering various DeFi
and GameFi opportunities such as play-and-earn, asset interoperability, and an
open structure that can lead to more equitability for all members in the open
metaverse.
Founded in 2011, Animoca has established itself as one of the world’s leading technology groups in blockchain and gaming by spearheading and innovating decentralized in-game rewards and monetization in video games for the emerging open metaverse.

Joyashree Dey
CBW - External Analyst
INDIA