Non-fungible token and blockchain gaming company Animoca Brands said the company has raised $75 million from investors including Kingsway Capital, Liberty Town Ventures and others. The $75 million capital injection brings Animoca’s overall pre-money valuation to $5.9 billion.
Animoca Brands secures $75 million to strengthen digital property rights
Hong Kong-based crypto-play, NFT and working capital firm Animoca Brands has raised $75.32 million, according to an associate’s degree announcement released on the twelve month of the Gregorian calendar. The new capital raised comes from investors such as Cosmic Summit Investments, Liberty Town Ventures, Kingsway Capital, brainwave Ventures, 10T, SG Spring limited Partnership Fund and Generation Highway Ltd.
Animoca explained that the new funds will be dedicated to funding “strategic acquisitions, investments and commodity development, securing licenses for valued intellectual properties (IPs), and advancing the open metaverse.” the company also plans to strengthen the promotion of digital property rights with the funding.
Animoca Brands Co-Founder and Executive Chairman Yat Siu commented on the topic of digital property rights as well as Web3 commerce. “Digital property rights represent a shift in people defining society that impacts everyone online and can pave the way for the emergence of the open metaverse. We tend to be deeply honored to always enjoy strong investor support, as we tend to work to solidify Animoca Brands’ leading position within the Web3 industry and in the realm of true digital possession.
The $75 million raised follows Animoca’s capital raise in the Gregorian calendar month once the company secured $358 million. At this point, Animoca noted that the $358 million would be used for onboard IP acquisitions and licensing using the funding to expand NFT and metaverse adoption. Animoca is behind the blockchain, like The Sandbox, Tower Experiment, Tiny Tap, Arc8, Revv Motorsport and Revv sport. The company has also invested in crypto startups and Web3 comes like NBA top Shot, Opensea and Sky Mavis.
Liberty Town Ventures Managing Partner Emil Woods believes that Animoca Brands could be a pioneer at the cutting edge of blockchain, NFT and playground. Woods estimates that within the next 10 years, society will be able to embrace the digital ownership and possession offered by blockchain technology. “Over a decade in a row, humanity can discover and embrace the game-changing power that blockchain-based digital asset ownership can awaken endless aspects of everyday life,” Woods explained in a statement. extremely during Animoca’s funding announcement.
The post office Blockchain Gaming Publisher Animoca Brands Gets $75M – Company’s Pre-Money Valuation Is $5.9B first appeared on BTC Sons.