What’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.
Hong Kong-based software and venture firm Animoca Brands has secured $358.8 million in capital investments to fuel new acquisitions in the nonfungible token , gaming and metaverse sectors, further cementing crypto’s biggest trends in 2022.
The funding round was led by Liberty City Ventures and had participation from some of blockchain’s biggest venture funds, including 10T Holdings, Gemini Frontier Fund, ParaFi Capital, Provident, Sequoia China, and Winklevoss Capital, among several others. Animoca said the capital injection will go towards financing strategic acquisitions and investments, product development, and license acquisition for intellectual properties. The company said its vision is to create a metaverse that enhances users’ digital property rights through NFTs. Opportunities within GameFi — a broad concept that refers to the— are also envisioned as being part of this environment.
"Play for fun" or play to earn? The president of Japanese game developer and publisher Square Enix has published a letter to fans, detailing their plans for the metaverse, blockchain and NFTs.
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