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Animoca Brands completes funding round with an additional $50M raised

Thursday, July 1, 2021


(VentureBeat by Dean Takahashi) - Animoca Brands, the company bringing digital property rights to gamers via nonfungible tokens (NFTs), raised another $50 million today, bringing its latest funding round to $138.88 million.

The pre-money valuation of the Hong Kong company is $1 billion. Investors in this second tranche included Blue Pool Capital, Coinbase Ventures, Gobi Partners, Korea Investment Partners, Liberty City Ventures, Samsung Venture Investment Corp., Scopely, Token Bay Capital, zVentures (the corporate venture arm of Razer Inc.), and other prominent investors.

In the first tranche of the raise, Animoca Brands raised $88.88 million based on a valuation of $1 billion back in May.

Animoca Brands is focused on bringing digital property rights to video gamers and the metaverse through the use of NFTs, which can authenticate digital collectibles, and blockchain, the secure and transparent digital ledger which is the underlying technology behind cryptocurrencies.

 

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