Who backed Animoca Brands?

Blockchain game maker and crypto investor Animoca Brands has secured $75 million in a funding round that values the Hong Kong-based company at $5.9 billion. Investors of the round include existing backers Liberty City Ventures, Kingsway Capital and 10T Holdings, among others, Animoca said on Tuesday.

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.

Is Animoca a fungible token?

Animoca also recently led a $9 million Series A round in CryptoSlam, a Kansas-based non-fungible token (NFT) industry data aggregator, and it led an $8 million Series A in Burnt Finance, a New York-based company developing an NFT auction protocol that’s built on the Solana blockchain.