VPNAcquire AccountSubscribeSubmit DAPP
Switch Language:
Home > News > context

Animoca Brands Raised $75M To Advance Vision Of Open Metaverse

Animoca Brands announces the company has completed a capital raise of $75 million. Back in January 2022, the company raised $358 million at a $5 billion valuation.

Animoca Brands has been advancing new ways of growing the open metaverse by investing in major brands, acquisitions, and securing licenses for virtual property.

Kingsway Capital, Alpha Wave Ventures. Liberty City Ventures, Cosmic Summit Investment Limited, 10T SG Spring Limited Partnership Fund, Generation Highway Limited, and others participated in the investment round.

The company is using NFTs and blockchain to deliver true digital ownership and creating opportunities in GamaFi and DeFi that include P2E and much more.

The emerging open metaverse is home to monetization and in-game rewards in blockchain games and Animoca Brands is focused on providing support, interoperability, and an open framework that’ll lead to greater metaverse growth.

“Digital property rights represent a society-defining generational shift that impacts everyone online and will set the stage for the emergence of the open metaverse. We are deeply honored to continue to enjoy strong support from investors as we work to solidify the leadership position of Animoca Brands in the Web3 industry and in the field of true digital ownership.”

Interested in Block Chain Game, Welcome to JBB.ONE
Comments
0 / 1000
Latest Updates
Samsung Next Invests In GenoPets
Samsung Next Invests In GenoPets
David Guetta X Stage 11 Team Up For A Music Metaverse Adventure
David Guetta X Stage 11 Team Up For A Music Metaverse Adventure
Vulcan Forged Teams Up With Binance & Binance Connect To Offer Fiat On-Ramps For $PYR
Vulcan Forged Teams Up With Binance & Binance Connect To Offer Fiat On-Ramps For $PYR
Breaking News
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Spielworks partners with Gunstar Metaverse, 3 other NFT games
Spielworks partners with Gunstar Metaverse, 3 other NFT games
FaZe Clan has come to The Sandbox
FaZe Clan has come to The Sandbox
MyMetaverse and Enjin bring the first playable NFTs from Polkadot to GTA 5
MyMetaverse and Enjin bring the first playable NFTs from Polkadot to GTA 5
Pixie Interactive announces closure due to debts related to taxes and cryptocurrency
Pixie Interactive announces closure due to debts related to taxes and cryptocurrency
Sky Mavis announces $2.4 million esports grant
Sky Mavis announces $2.4 million esports grant
Apeiron launches new NFT marketplace and battle demo pass airdrop
Apeiron launches new NFT marketplace and battle demo pass airdrop
Smobler Studios secures $1.2 million in seed funding round, backed by The Sandbox
Smobler Studios secures $1.2 million in seed funding round, backed by The Sandbox
Sorare secures partnerships with NBA and Basketball players Association
Sorare secures partnerships with NBA and Basketball players Association