Animoca Brands to Acquire Bondly NFT Platform

Animoca Brands to acquire Bondly NFT platform.

The blockchain-gaming provider Animoca Brands has signed a binding agreement to acquire a controlling stake in Bondly, a non-fungible token (NFT) platform.

Animoca Brands is acquiring a majority stake in Bondly @BondlyFinance, the premiere #NFT solutions provider empowering the next generation of NFT creators.https://t.co/DvWSVQMcpd#PlayToEarn #P2E $BONDLY #DeFi

— Animoca Brands (@animocabrands) September 17, 2021

The investment in Bondly is expected to spur widespread NFT adoption across Animoca Brands’ portfolio companies, which operate in gaming, sports, collectibles and other sectors.

“Bondly’s NFT technologies, including the exchange protocol, marketplace and cross-chain bridges, will allow gamers to easily move assets from one blockchain to another,” the press release says.

According to Animoca Brands, its investment portfolio includes more than 100 companies, including NFT heavyweights such as OpenSea and Dapper Labs.

raised $50 and $88.9 million, pushing its valuation to $1.139 billion.

In July 2021, Animoca Brands invested in the NFT marketplace Mintable and in the liquid-staking service ClayStack.

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