The raise is the second part of a funding round which brought in $358.88 million.
Animoca Brands, a Hong Kong based gaming and venture capital company, has completed a $75.32 million raise at a pre-money valuation of $5.9 billion, the company announced on Tuesday.$358.88 million in new funding. The current funding is a second tranche of this funding, which was done for due diligence.
"Over the next decade, humanity will discover and embrace the game changing power that blockchain based digital ownership of assets will bring to countless aspects of daily life," said Emil Woods, managing partner of Liberty City Ventures, in a statement. The new capital will be used to continue to fund strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties, and advance the open metaverse, including through its efforts to promote digital property rights for online users, according to a statement from the company.
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