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Animoca Brands raises hundreds of million dollars at $5b valuation for NFT and metaverse games

A prime NFT gaming and metaverse investor, Animoca Brands announced that it has raised funding $359m at a valuation over $5 billion. It was triple in comparison to What it was in October. Totally in 2021 It raised $216 million.

Animoca is an Australian company with 600-person Hong Kong-based outfits which has led to be the number one in NFT and metaverse space. It has been investing in 150 projects and companies which are related to NFT and metaverse.

Animoca has anounced that it is going to issue 111,173,515 shares. It will use the earnings for more investments, gaining more development and to get licenses for well-known intellectual property.

“Animoca Brands has built an developed leading brands in the decentralized gaming and metaverse space,” said Tyler Winklevoss, founder of Capital and Gemini.

Animoca Brands wants to bring digital property rights for online users in order to build the open metaverse. This strategy helps users to have true ownership through using NFT and Blockchain. It makes conceivable different decentralized finance (DeFi) and GameFi open doors and an open system that can prompt more prominent fairness for all members.

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

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