20 Oct 2021 · 2 min read

Animoca Brands Completed a Fundraising with Pre-money Valuation of USD 2.2B from Notable Investors

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Today we are incredibly proud to announce that Animoca Brands has completed a highly strategic fundraise at a pre-money valuation of USD 2.2 billion from notable investors including Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Token Bay Capital, Smile Group, Tess Ventures, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem Ltd, Mirana Corp, and Justin Sun.

It was only three months ago that we completed a raise of 138,888,888 at a pre-money valuation of US$1 billion (read about it). Since then we have doubled our efforts to build and invest in the open metaverse.

In that time we have welcomed Blowfish, Bondly, and Prosper to the growing Animoca Brands family. We also launched the world’s first NFT accelerator in partnership with Brinc: the appropriately named Launchpad Luna. We have made numerous investments in companies including Sweet, Highstreet, Roll, MyMasterWar, Thetan Arena, SplinterLands, Blockchain Monster Hunt, MADworld, reNFT, Jambb, DeHorizon, and many others.

In those three months we have also seen incredible success and progress with our products and subsidiaries. Consider the alpha launch of REVV Racing, the world’s first action arcade racing simulation on blockchain. Or witness Arc8 by GAMEE, which quickly became the top dapp on Polygon and is among the top 4 GameFi dapps in the world today. And, of course behold The Sandbox as it continues to make stellar progress, recently announcing a partnership with the legendary Snoop Dogg, who chose our game/world-creator as his entry into the metaverse.

Despite the pandemic preventing much of travel to Japan, the world was still able to participate in the Olympic experience by obtaining NFTs of the historic pins of the Tokyo Olympics and of previous Olympic events, all officially licensed by the International Olympics Committee and issued by our subsidiary project nWayPlay while also celebrating the Olympic spirit with individual Olympians and Athletes with Lympo.

And, finally, who could forget the momentous announcement of Phantom Galaxies, the highly anticipated AAA blockchain game? Everyone in the anti-blockchain camp is invited to feast their eyes on the gameplay trailer, and wait for this blockbuster space mecha game coming from Blowfish in 2022.

In this most recent round of fundraising we are especially honoured to see participation by some of the biggest names in the traditional gaming industry, namely Ubisoft and Com2uS (Gamevil), who join Scopely and Square Enix as respected and well-known game developers who have invested in Animoca Brands.

NFTs and blockchain games are driving blockchain adoption by delivering true digital property rights to all users, and we are humbled that some of the most influential names in gaming are joining us to help bring more equity to the future of games and to radically change the future of how we live, play and work — for the better.

I extend a sincere and heartfelt thank you to all our customers, shareholders, partners and the amazing teams at Animoca Brands and subsidiaries & portfolio companies — all the people whose trust, dedication, and passion are making it possible for us to build a global company with a big vision: to deliver true digital property rights for all.

Sincerely,

Yat Siu