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Animoca Brands Raises $110 Million in Strategic Funding Round | Invezz

Blockchain gaming and venture capital giant Animoca Brands (OTCMKTS: AMOCF) today confirmed it has signed a $110 million strategic funding round as it seeks to advance the open metaverse, revealed the company through a Press release.

The raise, which saw the company valued as in the previous round, came in the form of convertible bonds with a 3-year maturity and can be converted at any time at the discretion of the bondholder. . However, the conversion is subject to fixed conditions applicable before the maturity date.

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Animoca Brands plans further expansion

According to today’s announcement, the investment was led by Singapore-based investment firm Temasek, Asia’s leading alternative asset manager Boyu Capital and global venture capital firm GGV Capital. Existing investors included Mirae Asset and True Global Ventures.

Commenting on the entry of these new investors, Animoca Brand Co-Founder and Executive Chairman Yat Siu said:

“Animoca Brands has grown significantly as a company over the past year, and our new investors will provide strategic guidance and perspective as we build the world’s first company to promote digital property rights in the industry. of Web3.”

The company will use the capital injection to further its program of strategic acquisitions, to direct more money towards investments and product development as well as to obtain intellectual property licenses.

Overall, the company will seek to leverage funding to strengthen its footprint in the open metaverse, including through projects that advance consumers’ digital property rights online.

Animoca Brands’ place as a leading blockchain game developer, venture capitalist and digital entertainment provider has seen it invest in platforms such as Opensea, Yield Guild Games and Axie Infinity and Dapper Labs. .

Some of its principal subsidiaries include The sandboxGrease Monkey Games and Eden Games.​

In August, the company and sports ecosystem NFT Lympo announced a partnership with Play Magnus Group in a collaboration to develop a chess game based on the Anichess blockchain.

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