Publisher of blockchain games Animoca Brands receives $75M, increasing the company’s pre-money valuation to $5.9B
Animoga Brands, an interchangeable token and blockchain gaming company, has announced it has raised $ 75 million from Kingsway Capital, Liberty City Ventures and other investors. The $ 75 million capital injection increased Animoga’s total valuation to $ 5.9 billion. Hong Kong-based crypto-gaming, NFT and venture capital firm Animoga Brands raised $ 75.32 million in a July 12 announcement. Newly acquired capital comes from investors such as Cosmic Summit Investments, Liberty City Ventures, Kingsway Capital, and Alpha. Wave Ventures, 10D, SG Spring Limited Partnership Fund and Generation Highway Limited. Animoga explained that the new funds “will fund strategic acquisitions, investments and product development, protect public intellectual property (IP) licenses and open up meta program development.
With this funding, the company also plans to develop digital property rights. Yat Chiu, Co-Founder and Chief Executive Officer of Animoga Brands, commented on digital property rights and the Web3 industry. “Digital ownership rights are related to a change in generation that determines a society that affects everything on the internet and determines a step to open a metal. We are very proud to be proud of being supported by investors we experience series. 3 and the actual part of the digital law. ”Liberty City Ventures, Emil Woods, thinks that Iloha Blockchain, NFT, and video game brands are the boss. Woods estimates that in the next ten years, society will accept the digital ownership and ownership that blockchain technology offers. “Over the next decade, humanity will discover and embrace the profound potential that the ownership of blockchain-based digital assets brings to countless aspects of everyday life,” Woods explained in a statement during Animoga’s financial announcement.