Animoca Brands, a gaming and non-fungible token (NFT) company for the metaverse, is now valued at over $5 billion. That’s because it has completed another round of funding of $58,888,888. And among the investors is none other than the mega investor from the traditional world George Soros – but who has already invested in blockchain – and the Winklevoss brothers, also founders of Meta (ex-Facebook), and today in cryptoassets.
The company has become one of the biggest brands in the segment. Based in Hong Kong, it also invests in some of the most promising NFT projects in the world, such as OpenSea. Furthermore, it is in multi-billion markets. NewZoo estimates that the video game market reached $180 billion in 2021. The metaverse will be $783 billion in 2024.
The platform created 111,173,515 shares for investors. Animoca said it will use the money to, for example, continue to make strategic acquisitions and investments. As well as licensing popular intellectual property.
“Animoca Brands is working to build the open metaverse. To that end, it will bring digital property rights to online users through the use of blockchain and NFTs,” the company said in a statement. That’s because these technologies enable true digital ownership of assets and information. As well as creating various possibilities in decentralized finance (DeFi) and GameFi.
Animoca raised $216 million in 2021
In 2021, Animoca raised another $216.28 million. Your subsidiary The Sandbox received $93 million. The token of this company is Sand. The company still has other projects, such as the Phantom Galaxies and the token ecosystem REVV, which includes REVV Racing, F1® Delta Time, MotoGP ™ Ignition e Formula E: High Voltage). There is still the platform Arc8 eo token GAMEE, as well as the TOWER it’s the PROSPER.
According to Yat Siu, co-founder and executive chairman of Animoca Brands, he said he believes the new internet revolution is just beginning. “There are tremendous opportunities ahead for us in 2022 and beyond.”