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Large investor in non-fungible tokens (NFT) and decentralized gaming, Animoca Brands, has completed the raise of $65 million capital, thereby realizing a $2.2 billion valuation.
The news was announced by the company on Wednesday as investors in the round included Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T, Token Bay Capital, Smile Group, Tess Ventures and MSA Capital.
1/ .@animocabrands is excited to announce its new strategic fundraise from @Ubisoft @LCVentures @dragonfly_cap @Com2uS @DTAPCAP @sequoia china @justinsuntron @lucytokenbay and others at a $2.2 billion pre-money valuation! https://t.co/ZXsO77WJ10
— Yat Siu (@ysiu) October 20, 2021
The new funds will be used strategically in the form of investments and acquisitions, product development and licenses for intellectual property, the press release stated
Animoca Brands raised $138.88 million in July, and $88 million in May and since more than doubled its value
Animoca has celebrated huge successes by being an early investor in companies including Axie Infinity, Dapper Labs and OpenSea. Right now the company has over 100 NFT-related ventures in its portfolio. Most recently, Animoco invested in Genopets, a project that brings “move-to-earn” to the GameFi lexicon, and reNFT, a business focused on lending protocols for NFTs with rentable use cases.,
Yat Siu, Animoca Chairman, sees a bright future for decentralized gaming based on blockchain technology.
“In 2018 we laid out a strategy based on our assessment that in the future digital property rights would revolutionize industries by expanding financial inclusion, and that this significant change would start with NFT adoption in games. That future is already here. With the backing of our new strategic investors, Animoca Brands will continue to advance blockchain in gaming – and beyond – to introduce billions of gamers and Internet users to true digital ownership.”
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Author: Peter Siu