Amioca picks another $75 million in its latest funding round. The funds are aimed to invest in additional resources to advance in the 'open metaverse'.
Blockchain gaming and venture studio Animoca Brands has closed another strategic funding round, giving the company additional resources to expand its acquisition targets in the metaverse sector.
The company announced Tuesday that it has closed a $75.32 million funding round at a pre-money valuation of $5.9 billion backed by Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 19T, SG Spring Limited Partnership Fund and others. The raise represents the “second tranche” of funding following ain January that was supported by venture giants Sequoia China, Winklevoss Capital, ParaFi Capital and 10T Holdings.
Animoca said the new capital will fund strategic acquisitions, product development and intellectual property licenses as it looks to advance the so-called “open metaverse” concept. The company said it plans to continue using blockchain technology, includingThe Metaverse and Web3 are the future, but how can you be a part of it?
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