Hong Kong blockchain gaming unicorn lands $50m in fresh funding

Details: 

• Blue Pool Capital, Coinbase Ventures, Liberty City Ventures, Scopely, and Samsung Venture Investment Corporation took part in the company’s latest financing round.
• The fundraising, conducted at a pre-money valuation of US$1 billion, will be used to invest in acquisitions, product development, and licenses for intellectual property.

Context:

• In May, Animoca Brands entered unicorn territory after raising US$88.8 million in a funding round that drew investments from Kingsway Capital, RIT Capital Partners, HashKey Fintech Investment Fund, and AppWorks Fund, among others.
• Animoca Brands also invested in the Bitkraft Ventures-led series A round of Yield Guild Games, a startup that specializes in blockchain-powered gaming.

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