NFT game developer Animoca Brands raises $50 million from Coinbase Ventures and other investors

Hong Kong-based NFT game developer Animoca Brands has announced that it has raised $50 million from Coinbase Ventures, Samsung Venture Investment Corporation, Blue Pool Capital and other investors.

Raising fun by fundraising😄!
@animocabrands is thrilled to announce that we have closed a 2️⃣nd & final tranche of US$50 million in our US$138.88 million unicorn🦄 capital raise, at a pre-money valuation of US$1 billion! See 🗞 for list of our investors! https://t.co/HFO8QJEaWi

— Animoca Brands (@animocabrands) July 1, 2021

The project team will direct the fresh funding toward strategic investments and acquisitions, product development, and intellectual-property licensing.

Taking into account previously raised $88.9 million from the Rothschild family fund, RIT Capital Partners, Huobi and other investors, Animoca Brands has overall raised $138.88 million.

“The strong demand we saw for this fundraising is clear support for Animoca Brands’ mission to grant gamers property rights to digital assets and to build a metaverse,” said co-founder and executive chairman Yat Siu.

Animoca is the developer behind NFT games F1 Delta Time and The Sandbox. In The Sandbox, users can own and sell digital assets created in the game in the form of non-fungible tokens.

Earlier, Animoca Brands, billionaire Mark Cuban and Reddit co-founder Alexis Ohanian invested in the NFT-game development studio Sky Mavis.

In July, Animoca Brands supported the NFT marketplace Mintable in a $13 million Series A funding round.

Subscribe to ForkLog news on VK!