Animoca’s blockchain and digital entertainment spin-off Animoca Brands and Galaxy Digital’s Interactive VC are the newest names for net capital through fundraising.
NFT game developer Animoca Brands raised $ 65 million in its most recent round of funding with a pre-money valuation of $ 2.2 billion. The funding announced yesterday reflects the growth that NFT gaming and virtual asset-focused companies have seen over the past few months. Several investors participated in the round, including Ubisoft Entertainment, Liberty City Ventures, Dragonfly Capital, Tess Ventures, Sequoia China, MSA Capital, Kingsway Capital, Smile Group and Adit Ventures.
The latest result means the Hong Kong-based blockchain gaming company raised a total of $ 203.88 million this year. In early June the company behaved $ 138.88 million, an investment designed to give online users digital rights.
Animoca provides video game and metaverse consumers with digital ownership using blockchain technology and NFTs. These offers give users play-to-earn functions, interoperability of their own assets, interaction with GameFi options and secure ownership rights to their digital assets.
The company plans to use the funds raised in the recent financing to invest in strategic acquisitions, product development and intellectual property licensing. In addition, Animoca Brands aims to expand digital ownership to several new players and users on the Internet. According to CEO and co-founder Yat Siu, these are in line with the company’s vision of using NFTs to redefine equity and rights for real estate on the Internet.
“In 2018 we developed a strategy based on our assessment that digital property rights would revolutionize the industry in the future by expanding financial inclusion and that this significant change would begin with the introduction of NFT in games.” he said. “That future is already here. With the support of our new strategic investors, Animoca Brands will continue to drive blockchain in gaming – and beyond – to bring real digital property closer to billions of gamers and internet users ”,
Also this week Galaxy Interactive behaved $ 325 million with more than 70 limited partnerships. Galaxy Interactive is a subsidiary of Michael Novogratz’s Galaxy Digital and the second fund in Galaxy Digital’s growing range of multi-LP offerings. The latter managed assets of 2.2 billion US dollars at the end of September.
Galaxy Interactive found that $ 150 million of the fundraising has already been invested or reserved for investments in new businesses in the interactive (crossroads of finance, technology and content) sector. The fund’s founding partner, Sam Englebardt, further stated that some of the funds raised would go towards blockchain gaming and AI. Englebardt noted that the “interactive sector” is ripe for growth as young people move from the physical to the digital world.
“There has never been a better time to focus on the intersection of content, finance and technology and we are fully committed to taking responsibility for the growth of this sector.” he noticed.