On Wednesday, the global developer using popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology, Animoca Brands announced the company has closed a capital raise for $65 million. Animoca Manufacturers now has an overall valuation of $2.2 billion after raising funds from companies like Liberty City Ventures, Ubisoft Entertainment, Sequoia China, and Dragonfly Capital.
Animoca Brands Raises $65 Million
In July, Animoca Brands introduced the company to raise $138.88 million in order to ship digital property rights through non-fungible token (NFT) technology. The corporate Animoca Brands was co-founded by Yat Siu in January 2014 and in recent times the corporate has been focused on blockchain gaming and NFTs. Animoca Brands has backed Sky Mavis the creators of Axie Infinity and the leading NFT marketplace when it comes to trade volume Opensea.
“Animoca Brands is bringing digital property rights to online users, primarily for consumer online game players and the metaverse, via using blockchain and non-fungible tokens (NFTs); these technologies allow the true digital ownership of users’ virtual assets and information, and supply varied play-to-earn capabilities, asset interoperability, and defi/gamefi opportunities,” the Animoca capital increase announcement details on Wednesday.
Animoca Brands Co-Founder: ‘The Future Digital Assets Rights Would Revolutionize Industries by Increasing Monetary Inclusion’
Investors within the newest funding spherical include Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Token Bay Capital, Smile Group, and Tess Ventures. The agency further conducted a pre-money valuation with an estimate of $2.2 billion.
Alongside the aforementioned Animoca Brands investors, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem Ltd, Mirana Corp, and Tron’s Justin Sun joined in on the latest $65 million financing round. Animoca Brands boasts blockchain game projects like The Sandbox, Formula E: High Voltage, F1 Delta Time, and REVV Racing.
“I consider that the gaming, art, and music industries are coming into a digital renaissance period uniquely enabled by blockchain,” Mia Deng, an associate at Dragonfly Capital, stated in a press release sent to News. “Yat and his staff have demonstrated vision and foresight from the start and we’re subsequently excited to associate with Animoca Brands to construct among the largest on-ramps of the virtual world.”
The co-founder and executive chairman of Animoca Brands, Yat Siu, detailed that the company believes in the “future digital property rights” and this innovative pattern would “revolutionize industries by increasing financial inclusion.” NFT adoption in games, Yat Siu stated has confirmed that the “future is already here.”
Source: Bitcoin News