Animoka Brands has raised $ 75 million to invest in Open Metavers Vision
The company behind Animoka Brands The Sandbox has raised $ 75 million in their latest round of funding. This is despite the continued relentless decline of the crypto market.
The new fund brings the company’s pre-money (the value of the company, which does not include external funds or last-round funds) to মূল্য 5.9 billion. Investors in the latest round include Liberty City Ventures, Kingsway Capital, SG Spring Limited Partnership, Generation Highway Limited, Cosmic Summit Investments Limited and Alpha Wave Enterprises.
Animoka Brands is a Hong Kong-based venture capital company that has initial investments in some web 3 development shakers, including OpenC, and Dapper Labs, which are counted among their more than 340 investments in space.
They are firmly established as the most prominent companies investing in blockchain and gaming technology through decentralization and in-game rewards.
What is the ownership of the Animoka brand?
Animoka Brands is a big name in blockchain gaming development and continues to acquire new companies throughout 2022. The company has bought a variety of subsidiaries, including The Sandbox, GAMEE, Greece Monkey Games, Limpo and Eden Games, to name a few.
Will they use the new capital?
According to a press release from the Animoka brand, they will use the latest round of funding;
‘The fund promotes Open Metavers through strategic acquisitions, investments, and product development, secure licenses for popular intellectual property, and efforts to promote digital property rights for online users.
The company will invest funds to create an open metavers where all participants can improve within a fair and open framework. To this end, they are investing in blockchain and NFT technology.
PR goes to the state.
Animoka Brands is working to provide users with virtual digital ownership of virtual resources and data, enabling various DeFi and GameFi opportunities (including play-and-earn) and resource interoperability.
What did the company say about the latest round of funding?
Obviously, the company is happy with this latest investment. Focusing on the emerging metavars, Yat Siu, co-founder and executive chairman of the Animoka brand, said:
“Digital property rights represent a socially-defined generational change that affects everyone online and will create a platform for the emergence of open metavers.”
This investment ensures that Aminoca plays a leading role in shaping it.
Which is what investors say
Investors in Liberty City Ventures see how blockchain-based digital assets and ownership will change the day-to-day aspects of society in the coming decade. Emil Woods, Managing Partner, Announcements.
“We are proud to support the Animoka brand, a highly talented team of visionaries and creators who are at the forefront of this movement to embrace and fulfill the promise of Web3.”
Kingsway Capital understands how blockchain technology and decentralization are changing the face of the Internet through the rise of blockchain-based digital ownership and digital property rights. They know that Web2 does not return to “slavery”.
Manuel Stutz, founder and CEO of Kingsway Capital, says:
“The long-term growth trajectory of NFTs and similar proprietary technologies is remarkably steep, especially in emerging markets. We are thrilled to expand our continued partnership with the Animoka brand. “
Next thought
The Animoka brand has raised 75 million. The announcement that Animoka brands consistently show that they have a vibe on new technology to host Open Metavers is no surprise. The latest funding will help them continue their innovation in the future.
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