Finance
Share this article

Animoca Brands Valuation More Than Doubles to $5.5B in Three Months

The investor in non-fungible token (NFT) and metaverse projects raised almost $360 million in its latest funding round.

By Jamie Crawley
Updated May 11, 2023, 5:52 p.m. Published Jan 18, 2022, 12:30 p.m.
The Animoca Brands team in Hong Kong (Animoca)
The Animoca Brands team in Hong Kong (Animoca)

Animoca Brands, an investor in non-fungible token (NFT) and metaverse projects, raised almost $360 million at a valuation of $5.5 billion.

  • The funding round represents a doubling in Animoca's value in less than three months. The venture capital firm raised $65 million at a $2.2 billion valuation in October.
  • Liberty City Ventures led the latest fundraising round, which included contributions from Winklevoss Capital, Soros Fund Management and 10T Holdings.
  • Animoca plans to use the funds to fuel acquisitions and investments, product development and licenses for popular intellectual properties, according to an announcement Tuesday.
  • The company's portfolio contains more than 150 NFT-related projects, including play-to-earn game Axie Infinity, Dapper Labs, the company behind NBA Top Shot, and OpenSea, the largest NFT trading platform. It also has a majority stake in metaverse game The Sandbox.
  • Most recently, Animoca led an $8 million funding round into Burnt Finance, an NFT platform built on the Solana blockchain.

Read more: Binance Smart Chain and Animoca Brands Set Up $200M Program for Blockchain Gaming

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

FundingFunding RoundsNFTsMetaverseVenture Capital

More For You

From Wall Street to Web3: This is crypto’s year of integration, Silicon Valley Bank says

By Will Canny, AI Boost|Edited by Sheldon Reback
44 minutes ago
Wall street signs, traffic light, New York City

From bank-led stablecoins to tokenized T-bills and AI-powered wallets, digital assets will move from pilot projects to financial plumbing this year.

What to know:

  • Silicon Valley Bank's Anthony Vassallo says institutional adoption of crypto is accelerating, pushing bigger venture capital checks, more bank-led custody and lending, and deeper M&A consolidation.
  • Stablecoins are emerging as the “internet’s dollar,” fueled by clearer regulation and enterprise demand for payments and settlement.
  • Tokenized real-world assets and AI-driven crypto applications are shifting blockchain from speculation to core infrastructure, the bank said.
Read full story