Animoca Brands, widely recognized as a powerhouse in blockchain gaming, has closed a funding deal worth $110 million.
Animoca Brands remains a leader in the blockchain gaming arena, continuing to push boundaries. has raised $110 million This funding round comes shortly after a previous campaign where Animoca secured $75 million to enhance digital property rights for the metaverse. Additionally, the company garnered $360 million in investments back in January. Despite these substantial investments, Animoca's valuation remains stable at around $5.9 billion. the July investment round The recent investment round, led by Boyu Capital, GGV Capital, and Temasek, not only provided financial backing but also brought in invaluable advisory support. These investors are set to assist Animoca Brands with strategic business decisions and will contribute insights on its operational plans.
With the newly obtained funds, Animoca Brands aims to continue pursuing strategic acquisitions, bolster their investment activities, enhance product innovation, secure licenses for well-known intellectual properties, and advance the open metaverse. They are particularly focused on promoting digital property rights for online users while improving decentralized in-game rewards and monetization strategies in their video games.
Siu, the co-founder and executive chairman of Animoca Brands, expressed immense satisfaction with successfully finalizing this unique strategic fundraising round with several of the most esteemed institutional investors globally, while also appreciating the ongoing support from their existing investors.
Siu also highlighted the remarkable growth of Animoca Brands over the past year, noting that the current investors will play a crucial role in propelling the company further as it establishes itself as a leader in the digital property rights sector within the Web3 landscape.
said Yat Siu Since its inception in 2014, Animoca Brands initially focused on mobile gaming but began shifting towards blockchain technology in 2017, enabling players to exchange in-game assets as NFTs. Recently, the gaming leader reported having a diverse portfolio that encompasses over 340 crypto-related companies and projects.
Last month, the Japanese arm of Animoca Brands, known as Animoca Brands KK, conducted a successful funding round, raising $45 million with a valuation of $500 million.
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Dymension has introduced a completely new Universal Settlement Layer, which supports the deployment of rollups on any blockchain. raised $45 million at a $500 million valuation.
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