NFT EveningNFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • NFT News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
      • Columns
    • NFT Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
      • NFT Launchpad
    • Newsletter
    NFT EveningNFT Evening
    Metaverse

    Home » NFT News » Metaverse » Animoca Brands Raised $75 Million For Its Open Metaverse Vision

    Animoca Brands Raised $75 Million For Its Open Metaverse Vision

    By James EllisJuly 13, 2022Updated:April 5, 20232 Mins Read

    Animoca Brands, the Hong Kong-based game software company and venture capital company, has raised $75 million to advance its mind-blowing vision of an open metaverse. The latest capital raise is the second part of January’s $358 million capital raise.

    Image of the Animoca Brands logo and products
    Animoca Brands confirms $75 million capital funding to expand on vision, including open metaverse plans.

    Animoca Brands raises $75 million for open metaverse plans

    The latest round of funding for Animoca Brands has investments from huge companies. This includes Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, and others. To do this, the company executed subscription agreements.

    The $75 million will fund investments, strategic acquisitions and product development. They will also use it to secure licenses for popular intellectual properties and advance the open metaverse. Additionally, this includes the focus on digital property rights, which is a massive focus for Animoca Brands.

    Yat Siu, co-founder and executive chairman of Animoca Brands, said,

    “Digital property rights represent a society-defining generational shift that impacts everyone online and will set the stage for the emergence of the open metaverse. We are deeply honoured to continue to enjoy strong support from investors as we work to solidify the leadership position of Animoca Brands in the Web3 industry and the field of true digital ownership.”

    The company leading the blockchain revolution

    Animoca Brands is a huge company making huge progress in digital entertainment, gamification, blockchain, the metaverse, and more. The company’s focus on digital property rights has seen tremendous growth. Significantly, it made it onto the prestigious Financial Times High Growth Companies Asia-Pacific list in 2021.

    Animoca Brands invests in hundreds of the world’s biggest and most popular NFT/metaverse companies. Moreover, the company has a vast portfolio of products and subsidiaries that span the entirety of web3 and gaming platforms. These products include REVV token and SAND token; games such as The Sandbox, Crazy Kings, and more.

    Finally, the new $75 million capital raise will help the company to drive forward with its ideas and continue to lead the way in the blockchain revolution.

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Animoca Brandsmetaverse
    Previous ArticleAndrew Wang Web3 Project Devotion: What You Should Know
    Next Article UK Follows The US In Approving Serving Legal Documents On Blockchain
    James Ellis
    • Twitter

    James is an English teacher and freelance writer with a passion for NFTs, football, film and technology.

    More great NFT Evening content:

    Metaverse Meltdown: Virtual Land Prices Hit a Rough Patch

    May 29, 2023

    Digital Fashion Powerhouses Join Forces to Create a Next-Level Virtual Fashion Universe

    May 17, 2023

    Win a Chance to Own Prime Real-Estate in The Sandbox’s Mega City 3 LAND Sale!

    April 30, 2023

    Fashion Giants Gucci and Vans Collaborate on Roblox Scavenger Hunt

    April 17, 2023

    Ocean Race, Virtual Regatta & Accenture Launch Metaverse Collaboration

    March 30, 2023

    L’Oréal’s Brandstorm Competition Brings You to the Metaverse

    March 23, 2023

    Mutani Brings Phygital Fashion to Metaverse Fashion Week!

    March 16, 2023

    Animoca Brands & Planet Hollywood To Launch Member-Only Club

    March 12, 2023

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Interviews
    • Metaverse
    • Music
    • NFT Guides
    • NFT Marketplaces and Tools
    • NFT News
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version