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NFT Digital Property Company Animoca Brands Raised $139 Million in a Funding Round

Hong-Kong-based Animoca Brands confirmed yesterday that it had managed to raise around $139 million in a funding round.

Among the investors, we can mention Coinbase Ventures, Blue Pool Capital, Korea Investment, Liberty City Ventures, Samsung Venture Investment Corporation, Token Bay Capital, and zVentures.

Animoca offers digital property rights via NFTs and blockchain tech, therefore, providing gamers with the chance of owning or exchanging digital assets or properties in video games.

The round was “conducted at a pre-money valuation of US$1 billion,” declared the company.

“We are honored and excited to welcome strategic investors who offer powerful synergy and partnership opportunities. The strong demand we saw in this raise is a clear endorsement for Animoca Brands’ mission to deliver digital property rights to gamers and build the Metaverse,” declared Yat Siu, co-founder and chairman of Animoca Brands.

Animoca wants to use the funds in order to finance new products, make new investments and acquisitions, and obtain intellectual property licenses.

Source: TheBlockCrypto.com

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