Animoca Brands raises $358 million

Big news keeps coming from Animoca Brands.
Animoca Brands 388 million investment
Animoca Brands came up with a new investment.

Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse, today announced that it had completed a capital raise of US$358,888,888 (approximately A$500.3 million) at a pre-money valuation of over US$5 billion.

The round was led by Liberty City Ventures, with other investors including 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group, ParaFi Capital, Provident, Senator Investment Group, Sequoia China, Smile Group, Stable Asset Management, Soros Fund Management, Wildcat Capital Management, Winklevoss Capital, and others.

The new capital will be used to continue financing strategic acquisitions and investments, product development, and popular intellectual property licenses. Animoca Brands aims to create an open metaverse by bringing digital property rights to online users through the use of blockchain and NFTs. This system allows users to own real property and contributes to the decentralized finance flow.

Animoca Brands is a firm that has already proven itself in the blockchain. The company had raised $216.28 million during 2021. The Sandbox, a subsidiary of Animoca, raised $93 million in capital.

Animoca Brands and subsidiaries offer a broad portfolio of game products, both centralized and decentralized, branded and original, with coverage across most primary platforms, including mobile devices, game consoles, PC, the web, and the blockchain. Products include games ranging from hyper-casual to hardcore, as well as collectibles, utility tokens, esports titles, and more.

Some of the company’s major blockchain game projects include The Sandbox and its associated utility token SAND, the upcoming Phantom Galaxies “AAA” blockchain third-person shooter, the REVV token ecosystem (REVV Racing, F1® Delta Time, MotoGP™ Ignition, and Formula E: High Voltage), the Arc8 platform and its GAMEE utility token, as well as the TOWER, LMT, BONDLY, and PROSPER token projects, among others.

In addition to its product development and publishing businesses, Animoca Brands is an active investor in more than 150 of the world’s most meaningful NFT and metaverse-related companies, including OpenSea, Dapper Labs, Yield Guild Games, Star Atlas, Axie Infinity, Thetan Arena, and many others.

Yat Siu, co-founder, and chairman of the board of Animoca Brands, said:

“We are pleased to see continued and growing support from influential and strategic investors for Animoca Brands’ mission to deliver true digital property rights and build the open metaverse. We have set ourselves the ambitious goals of building an open Web3 and facilitating an open metaverse that expands financial inclusion. In 2021 we saw tremendous growth in this space and Animoca Brands has been one of the forefront leaders in the development of this industry. We believe we are still at the initial stages of a new Internet revolution, and there are tremendous opportunities ahead of us in 2022 and beyond.”

Investors who invested in Animoca Brands also made many comments. In general, investors are happy with their investment in Animoca Brands and consider the company promising. The extremely rapid development of blockchain technology also plays a significant role in this expectation.

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