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Animoca Brands raises US$358,888,888

at US$5B valuation to grow the open metaverse

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Animoca Brands, a Cyberport community company and unicorn that drives digital property rights via NFTs and gaming to build the open metaverse, announced that it has completed a capital raise of US$358,888,888 at a pre-money valuation of US$5 billion.

 

The round was led by Liberty City Ventures, with other investors including 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group, Sequoia China, and others.

 

The new capital will be used to continue funding strategic acquisitions and investments, product development, and licenses for popular intellectual properties.

 

Animoca Brands is working to build the open metaverse by bringing digital property rights to online users through the use of blockchain and NFTs; these technologies enable the true digital ownership of users’ virtual assets and data, and make possible various DeFi and GameFi opportunities (including play-to-earn), asset interoperability, and an open framework that can lead to greater equitability for all participants.

 

Animoca Brands has established itself as one of the world’s leading technology groups in blockchain and gaming by spearheading and innovating decentralized in-game rewards and monetization in video games as it works to build the open metaverse. During 2021, Animoca Brands raised US$216.28 million to power its vision of digital property rights and the open metaverse.

 

In addition to its product development and publishing businesses, Animoca Brands is an active investor in more than 150 of the world’s most meaningful NFT and metaverse-related companies, including OpenSea, Dapper Labs, Yield Guild Games, Star Atlas, and many others. Animoca Brands also operates Launchpad Luna, an accelerator to foster startups in the blockchain and NFT space.

 

Yat Siu, co-founder and executive chairman of Animoca Brands, was pleased to see continuous and growing support from influential and strategic investors for achieving ambitious goals of building an open Web3 and facilitating an open metaverse that expands financial inclusion. Being at the initial stages of a new Internet revolution, he expected tremendous opportunities ahead in 2022 and beyond.

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