The company develops blockchain gaming software and invests in NFT and metaverse projects.
Animoca Brands has raised $360 million in a fresh round of funding. As such, the valuation of the Hong Kong-based company has doubled since October 2021 to $5.5 billion.by Liberty City Ventures along with Winklevoss Capital and Soros Fund Management.The dramatic spike in Animoca Brand’s valuation comes in the wake of the global NFT business growing from under $100 million in 2020 to nearly $25 billion in 2021. About 20% involves blockchain-based gaming software.
Animoca Brands, which has raised around $700 million so far, looks well-positioned to benefit from the booming NFT and gaming segment of the blockchain 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.”Animoca Brands is among the leaders in “branded blockchain gaming.” Its products include NFTs based on popular gaming projects such as Disney, WWE, Doraemon, Formula 1, and Power Rangers.
Since May last year, Animoca Brands has completed two rounds of funding before the latest. In the first one, it received $88.8 million in May and $50 million in July at a valuation of $1 billion. Another round of $65 million came in October from Sequoia Capital and Ubisoft at a valuation of $2.2 billion.Besides developing blockchain-based gaming software, Animoca Brands invests in NFT and Metaverse projects as a venture capitalist.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
NFT-focused Animoca Brands valued at $5B following $358M raiseWhat’s better than one billion? Five! Hong Kong-based software and venture firm animocabrands hits the $5B valuation milestone after securing $358.8 million in capital investments.
Weiterlesen »
Animoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana.BurntFinance a protocol built on Solana, has raised $8 million in a funding round led by Animoca Brands and has launched its non-fungible token platform. By Tanzeel_Akhtar
Weiterlesen »
Gift to Pope Francis Sold as NFT Raises $80,000 for Afghanistan – Bitcoin NewsA carpet presented by UAE as a gift to the head of the Catholic Church a few years ago has been sold in the form of NFT.
Weiterlesen »
Coinbase will let you pay with Mastercard in its upcoming NFT marketplaceCoinbase hopes this will make NFTs more accessible.
Weiterlesen »
Coinbase Partners With Mastercard to Make NFT Purchase EasyCoinbase and Mastercard have joined forces to promote NFT growth and adoption.
Weiterlesen »
JPMorgan: Ethereum Losing NFT Crown to SolanaJPMorgan's Nikolaos Panigirtzoglou believes that Ethereum is likely to continue losing its market share to rivals in the NFT space
Weiterlesen »