Soros Fund Management and the Winklevoss twins’ venture capital firm are among investors in a funding round that’s more than doubled the valuation of Animoca Brands Corp., a non-fungible token and metaverse company, to $5 billion.
Blockchain industry players have seen their valuations balloon over the past year, with cryptocurrency exchange FTX Trading Ltd. hitting $25 billion in October and NFT trading platform OpenSea going past $13 billion this month. Animoca is following up an October round that valued it at $2.2 billion and its new capital raise of $359 million surpasses its full-year total for 2021.
