$358 Million Raised by Blockchain Firm Animoca Brands


“Blockchain and cryptocurrency firm Animoca has announced that they have raised $358.8 million to bolster NFT (non-fungible token industry) and for the development of a metaverse.”

$358 million raised by Animoca Brand, a blockchain organization with a pre-money valuation of $5 billion

Animoca Brands, a global developer using technologies like AI, blockchain, NFTs, and mobile technology was able to raise $358 million in a financing round led by Liberty City Ventures. 

Animoca Brands shared that the new capital will be used to increase NFT and metaverse adoption. 

Animoca Brands’ primary focus is to build a metaverse by leveraging NFT and blockchain solutions. 

Some of the blockchain projects of Animoca Brands include the Sandbox metaverse and its native token SAND, REVV Racing, Phantom Galaxies a blockchain third-person shooter, the Arc8 platform, and its GAMEE utility token, and many more. 

Murtaza Akbar, the managing partner at Liberty City Ventures, announced that “Animoca Brands is setting an example to the whole world about the game-changing characteristics of Web3 and open metaverse”. 

Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.

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