Animoca Brands Farewell 2022 With Impressive Successes

Key Points:

Animoca Brands has recorded the projects that have been done in the past year to make even greater strides in 2023.
A total of $544 million was raised by Animoca from investors in 2022, including Temasek, Boyu Capital, GGVCapital, and others.
The company is anticipated to expand the open metaverse and become one of the key participants in the entire sector by driving digital property rights through NFTs and gaming.

Animoca Brands, a leader in digital entertainment, blockchain, gaming and AI, has recorded the projects that have been done in the past year to make even greater strides in 2023.

A total of $544 million was raised by Animoca from investors in 2022, including Temasek, Boyu Capital, GGVCapital, and others. The financing supports Animoca’s initiatives to create the Open Metaverse and give Digital Property Rights to all internet users worldwide, according to the company.

Besides, this success cannot fail to mention the co-founder and chairman of Animoca Brands, Yat Siu. With his vision and strategy in the field of blockchain game and metaverse, he has brought the company up and affirmed its position.

Liberty City Ventures and many other VCs were the driving force behind the $360 million round of funding that Animoca Brands completed in January 2022 at a valuation of $5.4 billion. The company is anticipated to expand the open metaverse and become one of the key participants in the entire sector by driving digital property rights through NFTs and gaming.

In March, Animoca Brands announced that its popular mobile game Benji Bananas is going play-to-earn (P2E) with the adoption of Ape Coin. The company also became a major partner of Otherside metaverse, a world-building platform co-developed by Yuga Labs and Improbable to expand the open metaverse and become one of the key participants in the entire sector by driving digital property rights through NFTs and gaming.

Animoca and its subsidiaries have also succeeded in developing blockchain game platforms. In particular, Animoca also exploded with the acquisition of the music metaverse company PIXELYNX at the end of 2022.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.