Nathaniel Fetalvero · · 7 min readAnimoca Brands’ latest funding tops this week’s charts
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Hello reader,
Some brands have become synonymous with the industries they operate in. If you ask for a Kleenex, most people would pass you a piece of tissue paper, and if you pack lunch in a plastic container to the office, your colleagues would probably call it a Tupperware.
There isn’t yet a brand name associated with blockchain games, but there’s one company that might be close to achieving that: Hong Kong-based Animoca Brands.
The company is valued at over US$5 billion and has backed the likes of Axie Infinity developer Sky Mavis, decentralized autonomous organization Yield Guild Games, and more.
Most recently, Animoca Brands secured US$110 million in a debt facility. The money will go into delivering digital property rights as the firm looks to create play-to-earn economies and an equitable framework that can contribute to the open metaverse.
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.
— Nathaniel
P.S.: Animoca Brands co-founder and executive chairman Yat Siu will take the stage at Tech in Asia Conference 2022 on Wednesday, September 21, at 3:30 p.m. SGT. He’ll speak alongside Yield Guild Games co-founder Gabby Dizon in a panel discussion moderated by iCandy Interactive chief marketing officer Shn Juay.
They’ll discuss the biggest opportunities in the Web3 gaming space, the strengths and weaknesses of the Southeast Asian Web3 industry, and how founders can make the most of the ongoing crypto winter. Make sure to get your tickets to Tech in Asia Conference 2022 now so you can catch the session!
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