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Hello reader,
A couple of years ago, I wrote a piece about blockchain technology and how it had the potential to be the future of the gaming industry.
Back then, blockchain games had yet to hit the mainstream. Axie Infinity was still a fairly new player, and when you mentioned “blockchain games,” what most people had in mind was Cryptokitties – not exactly the best example to use to argue for such games.
The situation has changed tremendously since then. Even my dad’s 55-year-old friend is familiar with the name Axie Infinity, and more blockchain gaming firms have emerged and achieved some measure of success.
One of the leading players in the field is Hong Kong-based Animoca Brands. This week, it raised US$359 million in late-stage money, pushing its valuation up to US$5 billion.
The industry’s come a long way, and I’m excited just thinking about how much more it will evolve in another couple of years.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇭🇰 Animoca Brands: The Hong Kong-headquartered gaming firm secured US$359 million in late-stage funding from C Ventures, Delta Fund, Gemini Frontier Fund, Greater Bay Area Homeland Investments Limited, Kingsway Capital, L2 Capital Partners, Liberty City Ventures, Mirae Asset Financial Group, Pacific Century Group, ParaFi Capital, and Provident Growth.
Lists of most active investors in the region
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