Animoca Brands, a Hong Kong-based digital entertainment, blockchain, and gamification firm, today announced the closing of a US $359 million fundraising round led by Liberty City Ventures, valued at US $5 billion pre-money.
10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, and Gobi Partners Greater Bay Area, among others, are among the investors.
The additional funds will be used for strategic acquisitions and investments, product development, and licencing of popular intellectual assets by Animoca Brands.
By delivering intellectual property rights to online users via blockchain and NFTs, Animoca Brands is helping to establish the open metaverse. These technologies allow users to have genuine digital ownership of their virtual assets and data, as well as a variety of DeFi and GameFi options (including play-to-earn), asset interoperability, and an open framework.
Animoca Brands and subsidiaries provide a diverse range of branded and unique centralised and decentralised gaming goods for a variety of platforms, including mobile devices, game consoles, PC, the web, and the blockchain. Games ranging from hyper-casual to hardcore, collectibles, utility tokens, and e-sports titles are among the products.
Animoca Brands is an active investor in more than 150 NFT and metaverse-related companies, including OpenSea, Dapper Labs, Yield Guild Games, Star Atlas, Axie Infinity, and Thetan Arena, in addition to its product creation and publishing operations.
The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Lympo, and Bondly are all subsidiaries of Animoca Brands.
Launchpad Luna, an accelerator for blockchain and NFT entrepreneurs, is run by Animoca Brands in collaboration with Brinc.
Animoca Brands raised $216.28 million in 2021 to fund its concept of digital property rights and the open metaverse, while The Sandbox completed a $93 million capital raising.
