Animoca Brands obtains a unique value of funding which will be used for strategic expansion.
Hong Kong, TechnoBusiness HK (English Edition) • Animoca Brands, a company that provides NFT digital property rights for gamers, managed to raise funding with a unique value of US$88,888,888.
Funding obtained by the unicorn company from Hong Kong comes from several investors such as Kingsway Capital, RIT Capital Partners (previously known as Rothschild Investment Trust).
Also, HashKey Fintech Investment Fund, AppWorks Fund, LCV Fund, Huobi, Octava, Ellerston Capital, Perennial, Axia Infinity Ventures, SNZ, Liberty City Ventures, Metapurse, and others.
“This strategic capital increase firmly establishes Animoca Brands as one of the leading and most valuable companies in the NFT space, not only in Asia but worldwide,” said Yat Siu, co-founder and Chairman of Animoca Brands.
Siu added that the new funding is a strategic milestone for Animoca Brands to spur more aggressive growth in the world of blockchain and NFT.
That growth, including through the acquisition of other companies, developing new products, making strategic investments, and obtaining additional licenses for intellectual property in the NFT world.
To note, Animoca Brands is a blockchain and NFT company that is quite reckoned with following the success of its blockchain games entitled F1 Delta Time, The Sandbox, and MotoGP Ignition.
In addition, thanks to its success in launching REVV and SAND tokens and investing in Drapper Labs, Opensea, Bitski, Axie Infinity, and so on.
“We are proud to support Siu and his talented team at Animoca Brands and are honored to invest together with this list of world-class global investors,” said Manuel Stotz, founder and CEO of Kingsway Capital.•
—Abbra Matthew, TechnoBusiness HK • Photo: Animoca Brands
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