With the aim of promoting digital ownership in the Metaverse, Animoca Brands has garnered $75 million.
Animoca Brands, a leading Web3 gaming firm based in Hong Kong, has raised over $75 million to enhance digital property rights for the gaming sector via blockchain technology and NFTs. Currently, the company's valuation stands at $5.9 billion.
Notable investors in this funding round include 10T Holdings, Liberty City Ventures, Generation Highway, Kingsway Capital, Cosmic Summit Investments Limited, Alpha Wave Ventures, and SG Spring Limited Partnership Fund.
As per their press release, this fund focuses on acquiring strategic assets, investing in key projects, securing licenses for popular intellectual properties, and advancing the open Metaverse, including initiatives aimed at bolstering digital property rights for online users.
The utilization of blockchain technology and NFTs serves as a foundation for digital property rights. The company also positions itself as a champion of decentralization.
"Digital property rights signify a transformative shift for society that influences everyone online and lays the groundwork for a truly open Metaverse. We feel privileged to receive sustained support from our investors as we strive to cement Animoca Brands' leadership in the Web3 arena and the realm of genuine digital ownership,” said an executive. said Animoca Brands co-founder Yat Siu.
In January, the gaming company raised Further investments amounting to $358,888,888 are designated for developing the open Metaverse, creating new opportunities in DeFi and GameFi for users.
In addition, the firm is actively investing in other Web3 ventures like OpenSea, Axie Infinity, Dapper Labs, Star Atlas, Yield Guild Games, Colossal, Harmony, and Alien Worlds. Just last month, Animoca Brands contributed $3.6 million towards the Metaverse platform Soulbound. raise Meta is currently testing end-to-end encryption for its Quest VR messaging platform.
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In line with the Trust Project guidelines Agne serves as a journalist for the Metaverse Post, covering the latest happenings in the metaverse, AI, and Web3 sectors. Her enthusiasm for storytelling has led her to conduct various interviews with leading industry experts, always on the lookout for compelling narratives. She has a Bachelor's degree in literature and boasts a diverse writing background, addressing an array of subjects, including travel, art, and culture. Furthermore, she has volunteered as an editor for an animal rights organization, aiming to elevate awareness of animal welfare issues. Connect with her at.
