The latest capital injection of $75 million brings Animoca Brands' overall pre-money valuation to $5.9 billion.
Blockchain Gaming Publisher Animoca Brands Secures $75M — Firm's Pre-Money Valuation Rises to $5.9B
The non-fungible token and blockchain gaming company Animoca Brands has announced the firm has raised $75 million from investors such as Kingsway Capital, Liberty City Ventures, and others. The capital injection of $75 million brings Animoca’s overall pre-money valuation to $5.9 billion.The Hong Kong-based crypto gaming, NFT, and venture capital companyhas raised $75.32 million, according to an announcement published on July 12.
Animoca explained that the new funds will be dedicated toward funding “strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties , and advance the open metaverse.” The company plans to bolster the promotion of digital property rights with the funding as well., commented on the subject of digital property rights and the Web3 industry.
The Liberty City Ventures managing partner, Emil Woods, believes that Animoca Brands is a pioneer at the forefront of the blockchain, NFT, and gaming space. Woods estimates that in the next ten years society will welcome digital property and ownership offered by blockchain technology.
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Animoca Brands raises $75 million at pre-money valuation of $5.9 billionThe raise is the second part of a funding round which brought in $358.88 million.
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