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Blockchain Game Developer Animoca Brands Raised $65 Million – Ubisoft, Sequoia China Participate in Funding

Blockchain Game Developer Animoca Brands Raises $65 Million - Ubisoft, Sequoia China Participate in Funding

On Wednesday, the global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology, Animoca Brands announced the company has closed a capital raise for $65 million. After raising funds from companies like Ubisoft Entertainment and Sequoia China as well as Dragonfly Capital, Animoca Brands is now valued at $2.2 billion.

Animoca Brands Raises $65 Million

In July, Animoca Brands announced the company raised $138. 88 million in order to deliver digital property rights via non-fungible token (NFT) technology. The company Animoca Brands was co-founded by Yat Siu in January 2014 and in recent times the company has been focused on blockchain gaming and NFTs. Animoca Brands has backed Sky Mavis the creators of Axie Infinity and the leading NFT marketplace in terms of trade volume Opensea.

Blockchain Game Developer Animoca Brands Raises $65 Million - Ubisoft, Sequoia China Participate in Funding
Animoca Brands game The Sandbox.

“Animoca Brands will bring digital property rights online, primarily to consumer video games players and the metaverse. This is through the use blockchain and non-fungible coins (NFTs). These technologies enable true digital ownership and offer various play/to-earn capabilities as well as asset interoperability and defi/gamefi options.

Animoca Brands Co-Founder: ‘The Future Digital Property Rights Would Revolutionize Industries by Expanding Financial Inclusion’

Investors in the latest funding round include Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Token Bay Capital, Smile Group, and Tess Ventures. Further, the firm conducted a premoney valuation that came out at $2.2 billion.

Blockchain Game Developer Animoca Brands Raises $65 Million - Ubisoft, Sequoia China Participate in Funding
Animoca Brands game REVV Racing.

Alongside the aforementioned Animoca Brands investors, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem Ltd, Mirana Corp, and Tron’s Justin Sun joined in on the latest $65 million financing round. Animoca Brands has blockchain games like The Sandbox and Formula E: High Voltage. F1 Delta Time is also available.

” I believe that the music, gaming and art industries are entering an unprecedented digital renaissance time uniquely enabled by blockchain,” Mia Deng of Dragonfly Capital stated in a statement to Bitcoin.com News. “Yat and his team have shown vision and foresight right from the start and we are excited to partner with Animoca Brands in building some of the biggest on-ramps in the virtual world .”

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Yat Siu is the co-founder and executive chair of Animoca Brands. He stated that the company believes that the future digital property rights are already in place .”

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What do you think about Animoca Brands raising $65 million to bolster digital property rights, blockchain games, and NFTs? Let us know your thoughts on this topic in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, REVV Racing, The Sandbox, Formula E: High Voltage, Animoca Brands,

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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