Cryptocurrencies
Crypto Unicorn Raises Funds to Create NFTs for Gamers
- Animoca Brands completes funding round at $1 billion valuation
- Money going to product development, IP licenses, acquisitions
This article is for subscribers only.
Animoca Brands, a Hong Kong-based blockchain game and non-fungible token (NFT) creator, has raised $50 million as part of its latest funding round.
The new tranche, which takes the firm’s most recent funding round to about $139 million and has been conducted at a pre-money valuation of $1 billion, included participation from investors Blue Pool Capital, Coinbase Ventures, Liberty City Ventures and Samsung Venture Investment Corp., the company said in a statement.