Blockchain Gaming Firm Animoca Brands Raises $110M in New Funding

Animoca Brands, a leader in digital entertainment, blockchain, and gamification, announced on September 8 that it has closed a strategic investment round totaling $110 million from Temasek, Boyu Capital, and GGV Capital, as well as from existing investors Mirae Asset Management and True Global Ventures.

The Hong Kong-based firm will use the fresh capital to continue to fund strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties, and advance the open metaverse, including through its efforts to promote digital property rights for online users.

Animoca Brands is a game software company and venture capital company founded in 2014 by entrepreneur Yat Siu. The company claims to be one of the world’s leading technology groups in blockchain and gaming, spearheading and innovating decentralized in-game rewards and monetization in video games for the emerging open metaverse.

Using technologies such as blockchain and NFTs, Animoca Brands is working to deliver true digital ownership of users’ virtual assets and data, enabling various DeFi and GameFi opportunities (including play-and-earn), asset interoperability, and an open framework that can lead to greater equitability for all participants in the metaverse.

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The company develops and publishes a broad portfolio of products, including the REVV token and SAND token, original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes, and products utilizing popular intellectual property of Disney, WWE, Snoop Dogg, and more.

Its portfolio investments totaled over $1.5 billion across more than 340 investments as of the end of April, according to unaudited results released by the firm in June.