Animoca Brands, an investor in non-fungible token (NFT) and metaverse projects, raised almost $360 million at a valuation of $5.5 billion.
- The funding round represents a doubling in Animoca’s value in less than three months. The venture capital firm raised $65 million at a $2.2 billion valuation in October last year.
- Liberty City Ventures led the round, which included contributions from Winklevoss Capital, Soros Fund Management and 10T Holdings.
- Animoca plans to use the funds to fuel acquisitions and investments, product development and licenses for popular intellectual properties, according to an announcement Tuesday.
- The company’s portfolio contains more than 150 NFT-related projects including play-to-earn game Axie Infinity, Dapper Labs, the company behind NBA Top Shot, and OpenSea, the largest NFT trading platform. It also has a majority stake in metaverse game The Sandbox.
- Most recently, Animoca led an $8 million funding round into Burnt Finance, an NFT platform built on Solana.
Read more: Binance Smart Chain and Animoca Brands Set Up $200M Program for Blockchain Gaming
The post Animoca Brands Valuation More Than Doubles to $5.5B in Three Months appeared first on Bitcoin News Miner.
- $65 million
- According
- acquisitions
- Announcement
- Billion
- blockchain
- brands
- capital
- City
- Coindesk
- company
- contains
- Dapper Labs
- Development
- doubling
- Firm
- First
- Fuel
- fund
- funding
- funds
- game
- HTTPS
- included
- Including
- intellectual
- Investments
- investor
- IT
- Labs
- Led
- licenses
- Majority
- management
- Metaverse
- million
- months
- NBA
- news
- NFT
- non-fungible
- platform
- Popular
- portfolio
- Product
- Program
- projects
- round
- set
- smart
- Solana
- stake
- token
- top
- Trading
- Valuation
- value
- venture
- venture capital
- Ventures
- year
More from BitcoinNewsMiner
Exchange Inflows Ramp Up As Crypto Investors Clamor To Exit Market
Source Node: 1379914
Time Stamp: Jun 14, 2022
Block Tops Q4 Estimates, Posts Nearly $2B in Bitcoin Transactions
Source Node: 1191749
Time Stamp: Feb 28, 2022
Crypto Travel Rule Working Group Launches 2.0 Protocol ‘Solving the Discoverability Problem’
Source Node: 947332
Time Stamp: Jun 26, 2021
Crypto Project Older than Crypto Starts a ‘10 Days Growth’ Sprint
Source Node: 1173869
Time Stamp: Feb 14, 2022
Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says Economist
Source Node: 1332348
Time Stamp: May 29, 2022
Get Ready For A Bitcoin Short Squeeze? Long Traders Pile Up As BTC Struggles
Source Node: 1254233
Time Stamp: Apr 8, 2022
Dapper Labs and Flow Blockchain to Get a Boost From Big Tech as Studio Partners With Google
Source Node: 1074736
Time Stamp: Sep 15, 2021
Bank of England’s Governor Warns About Crypto Amid Bloodbath — ‘Be Prepared to Lose All Your Money’
Source Node: 1385673
Time Stamp: Jun 14, 2022
NFT Platform Immutable Raises $200M at a $2.5B Valuation
Source Node: 1203100
Time Stamp: Mar 7, 2022
Metaverse Project GensoKishi Online Holds 2nd NFT Auction
Source Node: 1416614
Time Stamp: Jun 16, 2022
Brace For Impact: Bitcoin Miners Have Begun Dumping Their Holdings
Source Node: 1338464
Time Stamp: Jun 2, 2022