Animoca has raised $65 million in its latest funding round, with more than 43.8 million of newly issued shares to be distributed to investors at a price of $1.51 per share.
NFT-game and virtual property developer Animoca Brands has doubled its valuation to $2.2 billion once closing a new funding round that fetched $65 million.
The latest funding round was conducted at a pre-money valuation of $2.2 billion, and enclosed backing from diversion giants Ubisoft recreation at the side of Liberty town Ventures, cypress China, snake feeder Capital to call some.
It’s additional vindication for a corporation that was started out the Australian Securities Exchange (ASX) in March 2020, partly for its involvement in cryptocurrencies.
According to the October. 20 announcement from the firm, over 43.8 million freshly issued shares are distributed to investors at a value of AUD $2 per share, or USD $1.51.
Animoca has currently raised a complete of $203.88 million in 2021, with the firm turning into a crypto imaginary being in June once it raised $138.88 million as a part of 2 tranches of a capital raise at a valuation of $1 billion.
The brand-focused metaverse and interactive content company said the most recent funding can go towards funding “strategic investments and acquisitions, development, and licenses for common intellectual properties.”
Animoca co-founder Yat Siu printed the company’s vision around digital possession and NFTs moving forward:
“In 2018 we laid out a strategy based on our assessment that in the future digital property rights would revolutionize industries by expanding financial inclusion, and that this significant change would start with NFT adoption in games. That future is already here.”
“With the backing of our new strategic investors, Animoca Brands will continue to advance blockchain in gaming — and beyond — to introduce billions of gamers and internet users to true digital ownership,” he added.
Related: NFT gaming proposition in question as regulators and traditional gaming pullback
This is another sign of big money pouring into NFT gaming and virtual property-focused venture capital.
Oct. 19, Galaxy Interactive, a capital firm focused on next-generation interactive technology, announced that it had raised $325 million from seventy completely different investors for its second fund focused on virtual and gaming reality, artificial intelligence and NFT gaming.
(cointelegraph)