Focusing on non-fungible token (NFT) and gaming technologies as part of its Metaverse strategy, Animoca Brands has reached a total valuation of more than 5 billion dollars with the new funding it has received.
of Animoca Brands 358 million 888 thousand dollars Liberty City Ventures, 10T Holdings, Kingsway, Soros Fund Management, Winklevoss Capital contributed to the funding round, among others.
According to the statement of the Australian company, the capital obtained strategic agreements and make investments, develop a product and popular intellectual property get the license will be used for.
Among the products developed by Animoca Brands, which follows an active strategy for the growth of Metaverse The Sandbox, Phantom Galaxies, REVV token ecosystem, Arc8 platform and in addition TOWER, LMT, BONDLY, PROSPER such as token projects.
The company also includes OpenSea, Dapper Labs, Yield Guild Games, Star Atlas, Axie Infinity and Thetan Arena More than 150 companies affiliated with NFT and metaverse themes with names such as as an investor gave support.
Yat Siu, one of the founders of Animoca Brands, regarding the investment they received, “We have set ambitious goals for ourselves to build an open Web3 and create an open metaverse that will increase financial inclusion. […] Yet a new internet revolution that we are in the early stages of 2022 and beyond will offer great opportunities we believe.” said.
Animoca Brands, which sold 111,173,515 shares for 358 million dollars in funding, achieved a total market value of 5 billion 442 million 429 thousand 484 dollars.