Blockchain Firm Animoca Brands Raises $358 Million to Enhance Web3 and the Metaverse

Animoca Brands has announced the blockchain and cryptocurrency-focused steadfast has raised $358.8 cardinal to bolster the non-fungible token (NFT) manufacture and “build the unfastened metaverse.” The superior rise follows the firm’s erstwhile $65 cardinal and $138.88 cardinal raises past twelvemonth and today, Animoca Brands has an wide valuation of $5 billion.

Animoca Brands Raises $358 Million successful Financing Led by Liberty City Ventures, Blockchain Company Has Pre-Money Valuation of $5 Billion

The steadfast Animoca Brands is simply a planetary developer utilizing fashionable brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology. On Tuesday, the institution announced that the steadfast has secured $358.8 cardinal successful a financing circular led by Liberty City Ventures.

In a connection sent to Bitcoin.com News, Animoca Brands further elaborate that different investors included Smile Group, Stable Asset Management, Soros Fund Management, Wildcat Capital Management, Winklevoss Capital, 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group, and Parafi Capital.

In summation to utilizing the financing to summation NFT and metaverse adoption, Animoca Brands said that the “new superior volition beryllium utilized to proceed backing strategical acquisitions and investments, merchandise development, and licenses for fashionable intelligence properties.” Animoca Brands has a beardown absorption connected gathering the metaverse by leveraging blockchain solutions and NFT technology. The company’s $358.8 cardinal financing announcement adds:

Animoca Brands is moving to physique the unfastened metaverse by bringing integer spot rights to online users done the usage of blockchain and NFTs; these technologies alteration the existent integer ownership of users’ virtual assets and data, and marque imaginable assorted [decentralized finance] and gamefi opportunities (including play-to-earn), plus interoperability, and an unfastened model that tin pb to greater equitability for each participants.

The company’s blockchain projects see The Sandbox metaverse and its SAND token, a blockchain third-person shooter called Phantom Galaxies, REVV Racing, the Arc8 platform and its GAMEE inferior token, and more. The managing spouse astatine Liberty City Ventures, Murtaza Akbar, elaborate during the financing announcement that Animoca Brands “is demonstrating to the satellite the game-changing characteristics of Web3 and the unfastened metaverse.”

What bash you deliberation astir Animoca Brands raising $358.8 cardinal successful financing from strategical investors? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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