Who is Animoca Brands?

ABOUT US Animoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help establish the open metaverse.

Is Animoca Brands betting on Web 3?

With the network effect of Web 3.0, Animoca Brands cofounder and executive chairman Yat Siu isn't betting against his competitors. He's counting on them. Animoca Brands has raised nearly $360 million in a new funding round that values the Hong Kong-based blockchain gaming business at $5.4 billion, the company announced Tuesday.

Is Animoca a blockchain gaming company?

Animoca Brands isn’t the only blockchain gaming company experiencing a sudden cash infusion. Competitor Mythical Games, which develops both blockchain games and the technology behind them, raised $75 million in June, and three months later, Sorare raised $680 million for its blockchain-based fantasy soccer game.

How much money did Animoca Brands invest in the sandbox?

In the months following, Softbank led a $93 million investment directly into The Sandbox, and Animoca Brands partnered with cryptocurrency exchange Binance to create a $200 million blockchain gaming incubator and accelerator program.