NFT-centric Animoca Brands is the tech industry’s latest unicorn
Animoca Brands, the company that delivers digital property rights to gamers through NFT, announced today that it has completed a capital increase of US $ 88,888,888 (approximately US $ 113,500,000) at a price per share of US $ 1.10 based on at a valuation of $ 1 billion. (approximately A $ 1,288 billion).
Investments in the round included Kingsway Capital, RIT Capital Partners (formerly Rothschild Investment Trust), HashKey Fintech Investment Fund, AppWorks Fund, LCV Fund, Huobi, Octave, Ellerston Capital, Perennial, Axia Infinity Ventures, SNZ, Liberty City Ventures, Metapurse , and other prominent investors.
financing is a strategic milestone that positions Animoca’s brands for more aggressive growth as it continues to provide digital property rights to video games through the use of blockchains and non-fungible chips (NFTs), enabling benefits. powerful, such as the game’s capabilities to win. and interoperability of digital assets.
new capital will also be used to finance new acquisitions, develop new products, continue to make strategic investments and secure additional licenses for popular intellectual property to consolidate the leadership of Animoca Brands and its various subsidiaries in the NFT and gaming spaces.
Following the success of its blockchain gaming titles, including F1® Delta Time, Sandbox, and MotoGP Ignition ™, as well as the launches of its associated tokens, including REVV my ZONE, Animoca Brands has become a leading force in the field of blockchain, NFT and gaming, having made highly successful investments in Dapper Labs, Opensea, Bitski, Axie Infinity, and many others.
With the recent launch of the GAME, TOWER, and LMT chips, Animoca Brands is destroying the use of blockchain-based rewards, creating innovative new ways to monetize video games, a market estimated at $ 179.7 billion in 2020 (source: IDC, 2020 ).
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To commemorate the achievement of its unicorn status, Animoca Brands is issuing an NFT to the investors, key partners and supporters who have helped make this moment possible.
Management Comment
Yat Siu, Co-Founder and President of Animoca Brands, commented: “We are deeply honored to assure Kingsway, RIT, Hashkey, Huobi, Ellerston, Perennial and other strategic investors that they share our vision that NFTs redefine property rights and this Strategic Capital Raising firmly establishes Animoca Brands as one of the most valuable and leading companies in the NFT space, not just in Asia but globally.
Manuel Stotz, Founder and CEO of Kingsway, said: “We have been investing in emerging and frontier markets for almost a decade. We have first-hand experience of the power of disruptive technologies. emergence of digital property rights, whether through Bitcoin or NFT, is perhaps the greatest financial inclusion opportunity for lower-end consumers in nearly 3 billion cross-border and emerging markets, as well as an opportunity for a global Internet. more decentralized and therefore more equitable. his talented team at Animoca Brands to bring this vision to life and we are honored to jointly invest together with a list of global investors of such a global standard.
Ashok Jacob, CEO and Portfolio Manager at Ellerston Capital, said: “Yat can explain his vision succinctly and has demonstrated extraordinary ability to execute. Through a combination of true ownership of digital assets and rewarding users for participating in an activity that increases the value of a network, Web 3.0 promotes a much more equitable economic caral and incentive structure for the Internet. Animoca Brands is at the forefront in initiating this evolution that will lead to an explosion of the digital economy and energy and cash flows. network “.
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Deng Chao, CEO of HashKey Group, commented: “We have always maintained that games would be one of the first to massively adopt blockchain and Animoca Brands is definitely the game-changing leader in this field. As a blockchain-focused gaming company, it hasn’t just done it. a deep knowledge of blockchain and NFT games, but also strong development skills in traditional games. With its many achievements and brands, Animoca Brands is redefining property rights for players and paving the way for a new era for We are delighted to be investors in Animoca Brands and together we look forward to adding value to the blockchain.
Details of capital raising
Animoca Brands has entered into and completed subscription agreements with various institutional and professional investors (“Investors”) to raise a total of $ 88,888,888 (approximately $ 113,500,000) by issuing 93.4 million new fully paid common shares of Encourage Brands to a subscription price. . of $ 1.10 per share. increase was made based on an Animoca Brands valuation of $ 1 billion (approximately $ 1.288 billion).
Animoca Brands corporate advisor, Simon Doherty of Taylor Collison and Everest Ventures Group, advised and assisted in this capital increase.
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About Animoca brands
Animoca Brands, ranked in the Financial Times list of Asia Pacific High Growth Companies 2021, is a leader in digital entertainment, blockchain, gamification and artificial intelligence. Animoca Brands develops and publishes a wide portfolio of products, including the Token REVV my symbolic ARENA; original games including Sandbox, Crazy Kings, and Crazy Defense Heroes; and products that use popular intellectual sifates such as Formula 1®, Marvel, WWE, Power Rangers, MotoGP ™ and Doraemon. ir portfolio of blockchain investors and partnerships includes Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties my End of the NBA), OpenSea, Harmony, Bitski, and Alien Worlds. Its subsidiaries include Sandbox, Quidd, Gamee, nWay, Pixowl, and Lympo. For more information visit www.animocabrands.com or receive updates by following Animoca Brands on Facebook or.
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