Blockchain Gaming Publisher and Web3 Firm Animoca Brands Secures $110 Million – Finance Bitcoin News

Animoca Brands, a blockchain gaming publisher, announced that it has raised $110 Million in a round of funding led by Temasek and Boyu Capital. Convertible notes were issued to select institutional investors by the company, which raised funds.

Strategic Investors Provide $110 Million to Animoca Brands

Animoca Brands raised $110 million more this month, after it secured $100 million from Temasek. According to the latest capital raise announced September 8, Temasek and Boyu Capital and GGV Capital led this round. Mirae Asset Management, True Global Ventures and True Global Ventures also participated.

The NFT-based cryptocurrency gaming and venture capital firm Animoca Brands AB has grown through a series of rounds during crypto winter. The company’s Japanese subsidiary, known as Animoca Brands KK (Animoca Brands Japan), raised $45 million from Japan’s largest bank MUFG, and Animoca Brands KK’s parent company AB.

In the latest announcement revealed on Thursday, Animoca Brands said Temasek, Boyu Capital, and GGV Capital will provide the firm with advice and the companies will give “input on [Animoca Brands’] business and capital plans.” The Web3 and blockchain gaming publisher plans to use the fresh capital for “strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties.”

In addition, News received an announcement stating that the firm intends to promote the open universe. Yat Siu is the founder and executive chair of Animoca Brands. He stated that there has been a lot of growth in the past 12 months.

“Animoca Brands has grown significantly as a company in the last year, and our new investors will contribute strategic advice and perspective as we build the world’s leading company furthering digital property rights in the Web3 industry,” Siu said in a statement.

Report says Company Mulls In-House Offer

Web3 and Non-fungible Tokens (NFTs), have suffered a substantial drop in value and general interest since their highs in 2018. During the past 30 days, NFT sales data from indicates monthly NFT sales hit $543.77 million but are down 20.05% lower than the month prior’s $680.12 million.

On Google Trends (GT), the search term “Web3” tapped the highest score of 100 during the week of December 19-25, 2021. Data for September 4-10, 2022, indicates that the “Web3” query has a worldwide GT score of 67 today. The search term “NFT” is even lower as the week of September 4-10 shows a score of approximately 14.

Animoca Brands was able to withstand downturn by securing $75M in mid-July. The company’s war chest has been built over the two previous years. Forbes reports that Animoca Brands may be considering an initial public offering (IPO). Crunchbase data suggests that the company, which is a blockchain gaming publisher as well as a Web3 company, has raised $775.3 Million since 2014.

This story contains tags
$110 Million, Animoca Brands, Animoca Brands Japan, Animoca Brands KK, Blockchain, Blockchain, Blockchain gaming, Blockchain gaming publisher, Boyu Capital, Capital plans, GameFi, Gaming, GGV Capital, initial Public Offering, Investments, Investors, IPO, MUFG Banking, NFT interest, NFTS data, NFTs, PT2E, Temasek, Web3 Interest

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Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at News is Jamie Redman. Redman joined the cryptocurrency community in 2011 and has been active since then. Since 2011, Redman has been an active member of the cryptocurrency community. Redman is a prolific writer for News, with over 6,000 articles on disruptive protocols.

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