Animoca Brands, a blockchain gaming startup based in Hong Kong has raised $110 million in its new funding round to support its mission of driving digital property rights via NFTs and gaming to build the open metaverse.

  • Founded in 2011, Animoca Brand focuses on blockchain, gaming, and artificial intelligence technologies to advance digital property rights and the establishment of the open metaverse.
  • The raised funds will be used to further drive its digital property right promotion, open metaverse support, launch a new asset class, and provide a more equitable digital framework, the blockchain-centric startup claims.
  • With this latest round, Animoca Brands has now raised $800 million since its launch. It raised $75 million in July from investors including Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 1OT, SG Spring Limited Partnership Fund, Generation Highway, and Cosmic Summit Investments.
  • Its products include blockchain projects, primary game products, and issued fungible tokens. It offers cryptocurrency tokens and original and branded games in partnership with other companies. ¬†Animoca operations are centred on widening opportunities for blockchain users, advancing asset interoperability, and enabling equality in the open metaverse, it claims.
  • Boyu Capital, Singapore's Sovereign Wealth Fund Temasek, GGV Capital, True Global Ventures 4 Plus Fund and TGV 4 Plus Follow On Fund participated in the latest funding round.