Metaverse startup Animoca Brands hits valuation of over $5 billion with new funding
January 18, 2022, 8:30AM EST · 1 min readAnimoca Brands, an Australia-based metaverse startup focused on NFTs and gaming, has raised $358.88 million in new funding round and is now valued at over $5 billion., with several other investors participating, including Soros Fund Management, Sequoia China, 10T Holdings, Mirae Asset, Pacific Century Group, ParaFi Capital, and Winklevoss Capital.
The company's major blockchain game projects include The Sandbox, the upcoming Phantom Galaxies game, the REVV token ecosystem , the Arc8 platform, as well as the TOWER, LMT, BONDLY, and PROSPER token projects, among others. "We have set ourselves the ambitious goals of building an open Web3 and facilitating an open metaverse that expands financial inclusion," said Yat Siu, co-founder and executive chairman of Animoca Brands."We believe we are still at the initial stages of a new Internet revolution, and there are tremendous opportunities ahead of us in 2022 and beyond.”
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