Blockchain Game Publisher and Web3 Farm Animoca Brands Secures $110 Million
Blockchain game publisher Animoca Brands has announced that it has raised $110 million in a funding round led by Temasek, Boyu Capital and GGV Capital. The company raised funds by issuing convertible bonds to a small number of institutional investors.
Animoca Brands Raises $110M from Strategic Investors
Animoca Brands raised another $110 million this month after securing $100 million from Temasek and others at the end of August. Temasek, Boyu Capital, and GGV Capital led the round, with Mirae Asset Management and True Global Ventures also participating, according to the latest funding announced on Sept. 8.
Animoca Brands (AB), a Hong Kong-based crypto gaming, NFT, and venture capital firm, has grown through numerous investment rounds during the crypto winter. The company’s Japanese subsidiary, known as Animoca Brands KK (Animoca Brands Japan), has raised his $45 million from AB, the parent company of Japan’s largest bank MUFG and Animoca Brands KK.
In its latest announcement, released Thursday, Animoca Brands said Temasek, Boyu Capital, and GGV Capital will be providing advice to the company and the company will “provide an opinion.” [Animoca Brands’] Business and capital plans.” The Web3 and blockchain game publisher plans to use the new capital to “secure strategic acquisitions, investments, product development and licensing of popular intellectual property.”
Additionally, an announcement sent to Bitcoin.com News details that the company aims to power the open metaverse. Yat Siu, co-founder and executive chairman of Animoca Brands, details the company’s remarkable growth over the past 12 months.
“Animoca Brands has grown tremendously as a company over the last year. Our new investors will provide strategic advice and perspective as we build a world-leading company that advances digital property rights in the Web3 industry.” ‘ said Siu in a statement.
Web3, NFT Markets, and Interest Slides, Report Says Company Considers IPO
Non-fungible tokens (NFTs) and Web3 saw a significant drop in market value and overall interest in 2022 from last year’s highs. According to his NFT sales data on cryptoslam.io for the past 30 days, his monthly NFT sales reached $543.77 million, down 20.05% from the previous month’s $680.12 million. I’m here.
On Google Trends (GT), the search term “Web3” tapped the highest score of 100 during the week of December 19-25, 2021. Data from 4-10 September 2022 shows that the ‘Web3’ query has a global GT score of 67 today. The search term “NFT” is even lower, with a score of about 14 for the week of September 4-10.
Animoca Brands managed to stave off the recession and secured $75 million in mid-July, thanks to its war chest of draws over the past two years. Animoca Brands is considering a potential initial public offering (IPO), according to a Forbes report. The blockchain game publisher and his Web3 company have raised $775.3 million since its inception in 2014, according to Crunchbase data.
What do you think about Animoca Brands raising $110 million from investors? Let us know what you think about it in the comments section below.
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Blockchain Game Publisher and Web3 Farm Animoca Brands Secures $110 Million
Source link Blockchain Game Publisher and Web3 Farm Animoca Brands Secures $110 Million
