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Animoca Producers Raises $75M, Boosts Valuation to $5.9B Amid Crypto Winter

Animoca Producers Raises $75M, Boosts Valuation to $5.9B Amid Crypto Winter

Key Takeaways

  • Animoca Producers, one of many main Web3 sport builders and merchants, has raised $75 million at a $5.9 billion valuation.
  • The most unusual spherical comes easiest seven months after Animoca raised $358.8 million at a smaller, $5 billion valuation right thru the height of the NFT market in January.
  • The firm will use the brand new capital for unusual investments, acquisitions, securing licenses for common intellectual properties, and product sort.

Animoca acknowledged in an announcement that it might possibly perhaps perhaps perhaps use the unusual capital to fund unusual investments, strategic acquisitions, and product sort.

Animoca Defies Endure Market With Fresh Fundraise

One of essentially the most great gamers in the Web3 gaming apartment, Animoca Producers, has raised $75 million at a $5.9 billion valuation.

The blockchain sport developer and crypto mission capital firm announced the elevate in a press birth at the present time, stating that it might possibly perhaps perhaps perhaps use the unusual capital for unusual investments and acquisitions, as successfully as for securing licenses to common intellectual properties and advancing the Metaverse additional into the mainstream. “Digital property rights symbolize a society-defining generational shift that impacts everyone on-line and need to dilemma the stage for the emergence of the birth metaverse,” acknowledged the firm’s co-founder and government chairman Yat Siu.

Investors backing Animoca embody Liberty Metropolis Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Minute Partnership Fund, Technology Twin carriageway Ltd, and Cosmic Summit Investments Minute. The most unusual spherical is critical due to it comes easiest seven months after Animoca raised $359 million at a $5 billion valuation at the height of the NFT bull market in January, that manner the firm elevated its valuation by $900 million despite the foremost market downturn. 

Commenting on the elevate, Emil Woods, managing accomplice of Liberty Metropolis Ventures, which led Animoca’s old spherical, acknowledged that, over the next decade, “humanity will leer and embody the game changing energy that blockchain essentially based digital possession of sources will bring to countless aspects of day after day life.” 

Animoca is one of many main builders and merchants in the NFT and Web3 gaming apartment. In November 2021, it launched The Sandbox, which has grown to develop to be one of essentially the hottest Web3 video games. It has additionally made over 340 investments in the apartment, together with in blue-chip firms treasure the NFT market OpenSea and crypto sport developer DapperLabs.

Disclosure: At the time of writing, the creator of this piece owned ETH and several varied cryptocurrencies.

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