Blockchain and NFT Gaming Company Animoca Brands Recent Funding for The Open Metaverse.

Blockchain gaming enjoys the high tide as Hong Kong-based crypto game studio Animoca Brands raises $360 million in a recent funding round.

The funding round now values Animoca Brands at $5.4 billion. The recent investment has doubled the previous valuation figure of $2.2 billion. The total capital raised by the company now amounts to $700 million.

Game studio Animoca Brands raises $360 million - Video Games
Game studio Animoca Brands raises $360 million – Video Games

Animoca Brands now plans to utilize the capital in creating new products, acquisitions, and licensing of additional intellectual property.

The exponential growth and interest continue in blockchain gaming and NFTs. The recent funding round was led by Liberty City Ventures along with investors like Winklevoss Capital and Soros Fund Management.

The growth in the blockchain gaming market witnessed a massive increase last year when compared to 2020. The market volume increased from $100 million in 2020 to $25 billion in 2021, according to DappRadar data.

The tide was so massive that blockchain and NFT gaming companies received a whopping $3.6 billion in investments, according to a report by Axios Gaming.

Animoca Brands co-founder and executive chairman Yat Siu released the statement, “We believe we are still at the initial stages of a new internet revolution, and there are tremendous opportunities ahead of us in 2022 and beyond.”

Animoca Brands is a leading company in blockchain and NFTs gaming with a focus on “true digital ownership.” It plans to make and turn every game into a real-world asset where the players have full ownership of digital items.

Game studio Animoca Brands raises $360 million
Game studio Animoca Brands raises $360 million

Its popular projects are The Sandbox and Revv Racing. The company has a solid expansion ratio with investments in several metaverses, blockchain, and NFT gaming companies.

Some of the companies are OpenSea, Sky Mavis, Dapper Labs, and the Fan Controlled Football League.

However, Animoca Brands is not the only company enjoying massive investments, its competitor Mythical Games raised $75 million, Sorare raised $680 million.

Sky Mavis and Dapper Labs also received huge investments of $152 million and $250 million respectively.

Game News - Video Game Consultant -  Games Consultancy - Reinout te Brake - Video Gaming News 2022
Game NewsVideo Game ConsultantGames ConsultancyReinout te BrakeVideo Gaming News 2022

Gaming News Of Video Game Consultant;

Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.

Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.

If you want to stay up-to-date of my daily game news, then follow me on Google News.

 

Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.