Share this article
Animoca Brands Raises Additional $75M, Nudging Valuation to $5.9B
The infusion is the second tranche of January's funding round, which nabbed almost $360 million and valued the investment company at $5.5 billion.
Updated May 11, 2023, 6:53 p.m. Published Jul 12, 2022, 2:19 p.m.
Make us preferred on Google
Non-fungible token (NFT) and metaverse investor Animoca Brands has raised a further $75 million at a valuation of $5.9 billion.
- Existing investors Liberty City Ventures, 10T and Kingsway were among those participating.
- The fundraise is the second tranche of the previous funding round in January, which brought almost $360 million and valued the company at $5.5 billion, doubling Animoca's value in less than three months. The firm raised $65 million at a $2.2 billion valuation in October.
- January's raise was extended to accommodate due diligence processes, Animoca announced Tuesday.
- Animoca Brands said it will use the capital to fund acquisitions, investments and product development as well as secure licenses for popular intellectual properties and advance the open metaverse.
- 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. Animoca also has a majority stake in metaverse game The Sandbox.
- The fundraise shows that despite the bearishness in the digital asset market, capital is still finding its way to well-established firms in the industry.
Read more: Web3 Startup Mysten Labs Aiming for $2B Valuation in Latest Funding: Report
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
What to know:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
Top Stories
