Caixin
Jan 20, 2022 07:05 PM
TECH

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

The 8-year-old Animoca Brands said that the fresh capital will be used to fund strategic acquisitions and investments, accelerate product development and obtain licenses for popular pieces of intellectual property.
The 8-year-old Animoca Brands said that the fresh capital will be used to fund strategic acquisitions and investments, accelerate product development and obtain licenses for popular pieces of intellectual property.

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.”

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