Blockchain Gaming Startup Raises $359 Million as Investors Go Gaga Over Metaverse

Hong Kong-headquartered blockchain gaming startup Animoca Brands Corp. Ltd. has started the New Year with a bang by completing a $359 million funding round that gives it a valuation of nearly $5.8 billion.

The funding reflects growing investor interest in virtual worlds where people can meet up, visit buildings, buy goods, play sports and work together on projects, among other things, via their personalized virtual avatars, an area now known by the buzz term “metaverse.”