Blockchain Gaming publisher and Web3 firm Animoca Brands secure $ 110 million – Finance Bitcoin News

Animoca Brands, publisher of blockchain games, announced that the company has raised $ 110 million in a funding round led by Temasek, Boyu Capital and GGV Capital. The company raised the funds by issuing convertible notes to a handful of institutional investors.

Animoca Brands raises $ 110 million from strategic investors

Animoca Brands raised an additional $ 110 million this month after the company protected

$ 100 million from Temasek and others at the end of August. The latest capital increase, announced on September 8, explains that Temasek, Boyu Capital and GGV Capital led the round and Mirae Asset Management and True Global Ventures also participated.

The Hong Kong-based cryptocurrency, NFT and venture capital firm Brands Animoca (AB) managed to grow through a series of investment rounds during the cryptocurrency winter. The company’s Japanese branch, known as Animoca Brands KK (Animoca Brands Japan), lifted up $ 45 million from Japan’s largest bank MUFG and Animoca Brands’ parent company KK AB.

In the latest announcement revealed Thursday, Animoca Brands said Temasek, Boyu Capital and GGV Capital will advise the firm and the companies will give “input on [Animoca Brands’] business and capital plans “. The Web3 and blockchain game publisher plans to use the fresh capital for “strategic acquisitions, investment and product development, secure licensing of popular intellectual property.”

Additionally, the announcement sent to Bitcoin.com News specifies that the company aims to strengthen the open metaverse. Yat Siu, co-founder and executive president of Animoca Brands, explained in detail that the company has experienced significant growth over the past 12 months.

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

Web3, NFT Markets, and Interest Slide, the report says the company thinks about the IPO

Non-fungible tokens (NFT) and Web3 have seen a noticeable decline in market value and general interest in 2022 from last year’s highs. In the last 30 days, NFT sales data from cryptoslam.io indicates that NFT’s monthly sales reached $ 543.77 million, but was down 20.05% from the previous month’s $ 680.12 million.

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

Animoca Brands managed to stave off the recession and secured $ 75 million in mid-July as the company secured a chest of war funds over the past two years. According to a report of Forbes, Animoca Brands is considering a possible initial public offering (IPO). Crunchy base data indicates that the blockchain game publisher and company Web3 have raised $ 775.3 million since it was founded in 2014.

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$ 110 million, Animoca Brands, Animoca Brands Japan, Animoca Brands KK, Blockchain, blockchain games, blockchain game publisher, Boyu Capital, capital plans, GameFi, Gaming, GGV Capital, initial public offering, Investments, Investors, IPO, MUFG Bank, NFT interest, NFT sales data, NFT, P2E, play to earn, Temasek, Web3, Web3 interest

What do you think of Animoca Brands raising $ 110 million from investors? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead of Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News on the disruptive protocols emerging today.




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