Animoca Brands raises $358.8M at $5B valuation for NFT games and open metaverse
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Animoca Brands has raised a new round of funding — the fourth time since May — and this time the company has scooped up $358.8888 million at a $5 billion premoney valuation. It’s another endorsement for blockhain gaming and the company’s attempt to spawn an open metaverse.
Liberty City Ventures led the round, with other investors including 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group, ParaFi Capital, Provident, Senator Investment Group, Sequoia China, Smile Group, Stable Asset Management, Soros Fund Management, Wildcat Capital Management, Winklevoss Capital, and others.
The new capital will be used to continue funding strategic acquisitions and investments, product development, and licenses for popular intellectual properties.
Animoca Brands is working to build the open metaverse by bringing digital property rights to online users through the use of blockchain and NFTs; these technologies enable the true digital ownership of users’ virtual assets and data, and make possible various decentralized finance (DeFi) and GameFi opportunities (including play-to-earn), asset interoperability, and an open framework that can lead to greater equitability for all participants.
The 2nd Annual GamesBeat and Facebook Gaming Summit and GamesBeat: Into the Metaverse 2
January 25 – 27, 2022
Above: Yat Siu is chairman of Animoca Brands.
“We are pleased to see continued and growing support from influential and strategic investors for
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