Hong Kong-based NFT-game developer Animoca Brands attracted $88.9 million from the Rothschild dynasty’s fund RIT Capital Partners, Huobi and other investors.
As part of the deal, the company issued newly issued shares at a price of $0.85 per share. Following the financing round, Animoca Brands was valued at $1 billion.
According to the press release, the fresh capital will allow the studio to continue aggressive growth. The money will be used to develop new products, secure licensing rights for games, as well as further acquisitions and strategic investments.
“It is a great honour for us to attract strategic investors who share our view that non-fungible tokens are a rethinking of capital and property rights on the internet,” said co-founder and chairman Yat Siu.
To mark its entry into the unicorn club, Animoca Brands will issue a special NFT intended for investors and key partners.
Earlier Animoca Brands invested in the NFT-game development studio Sky Mavis. The financing round also featured billionaire Mark Cuban and Reddit co-founder Alexis Ohanian.
Earlier in April, RIT Capital Partners became a co-owner of the Bitcoin exchange Kraken. Interest in the platform is tied to its plans to conduct a direct listing of shares in 2022.