Animoca Brands ups valuation to US$5.9B despite slow markets

Please fol­low and like us:
Pin Share

Ani­mo­ca Brands has raised US$75 mil­lion in a new round of fundrais­ing in a move toward an “open meta­verse,” defy­ing plum­met­ing mar­kets and a drop in non-fun­gi­ble token (NFT) sales dur­ing the cryp­to win­ter sea­son, the Hong Kong-based blockchain game spe­cial­ist announced on Tuesday. 

See relat­ed arti­cle: Ani­mo­ca says cryp­to win­ter ‘a great time’ for ven­ture capitalists

Fast facts

  • The lat­est round marks Animoca’s fifth financ­ing round since 2021, rais­ing the company’s val­u­a­tion to US$5.9 bil­lion, accord­ing to a statement.
  • Some of the company’s most suc­cess­ful invest­ments were made dur­ing the pre­vi­ous cryp­to win­ter, Gen Kanai, direc­tor of strate­gic part­ner­ships at the Hong Kong-based blockchain gam­ing stu­dio, told Forkast last week.
  • Ani­mo­ca Brands says it will use the new cap­i­tal to fund more acqui­si­tions, advance prod­uct devel­op­ment, secure licens­es for pop­u­lar intel­lec­tu­al prop­er­ties, and advance the company’s vision for an open metaverse.
  • Animoca’s port­fo­lio includes more than 150 NFT-relat­ed projects, includ­ing Axie Infin­i­ty devel­op­er Sky Mavis and NFT mar­ket­place OpenSea

See relat­ed arti­cle: Ani­mo­ca Brands invest­ments have crossed US$1.5B

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *