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Deepti Sri · · 1 min readHong Kong blockchain gaming unicorn lands $50m in fresh funding
“Animoca Brands, a Hong Kong-based blockchain game and non-fungible token (NFT) creator, has raised US$50 million as part of its latest funding round,” reported Bloomberg.
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.
See also: He makes up to $3,900 a week racing cars on a blockchain game
Editing by Collin Furtado and Jaclyn Tiu
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