Animoca Brands Receives $358M Boost, the Gaming Firm Goes on Acquisition Rampage

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Money circulation from buyers into blockchain-based firms is undoubtedly a development we might not see its finish this 12 months, as one of the crucial outstanding gaming corporations, Animoca Brands, has raised $358.88 million from buyers led by Liberty City Ventures. 

With the agency now valued at $5 billion, the startup has notably doubled its worth from October when it was value $2.2 billion atop a $65 million funding. Participants on this newest funding spherical embody 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway and different firms.

Animoca Brands is greater than a gaming studio; additionally it is a enterprise capital agency with a various portfolio in varied gaming protocols and blockchain-focused startups as an entire. While a few of its product manufacturers vary from The Sandbox to the upcoming Phantom Galaxies AAA, it has sizable stakes in such platforms as OpenSea, Axie Infinity, and Thetan Arena.

While banking on the brand new funding, Animoca Brands says it would proceed to associate with and fund strategic acquisitions and investments, product growth, and licenses for fashionable mental properties. 

“We have set ourselves the ambitious goals of building an open Web3 and facilitating an open metaverse that expands financial inclusion. In 2021 we saw tremendous growth in this space, and Animoca Brands has been one of the forefront leaders in the development of this industry,” mentioned Yat Siu, co-founder and government chairman of Animoca Brands.

With Animoca Brands’ newest funding, the journey to surmount final 12 months’s enterprise capital funding within the crypto ecosystem has gotten another main increase.

Image supply: Shutterstock

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