A company that invests in the metaverses, NFT marketplace OpenSea and game Axie Infinity announced today that it has raised $75 million at a company valuation of $5.5 billion.
Animoca Brands will use the proceeds to invest in popular Web3-related projects to increase public awareness of the fast-moving industry and the metaverse. Among those who invested in the company are such market players as Kingsway Capital, SG Spring Limited Partnership Fund, Liberty City Ventures, Cosmic Summit Investments.
“Digital property rights represent a society-defining generational shift that affects everyone on the Internet and sets the stage for the emergence of an inclusive metaverse. We are glad that investors see us as a strong player in the market. We are working to strengthen Animoca Brands’ leadership position in the Web3 and digital property industry,” said Yat Siu, Executive Chairman and Co-Founder.
Animoca Brands is an investor in a number of leading companies in Web3 such as Developer Sky Mavis, Dapper Labs. The company is confident that over the next decade, people will understand and embrace the “revolutionary power” that blockchain-based digital asset ownership will bring to different aspects of life.
Earlier, Animoca Brands published a financial report in which it announced $ 1.5 billion invested over the past year in more than 340 projects related to the Web3 industry.
Source: Bits
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