Home Latest News Animoca Brands: A Rising Star in the Community

Animoca Brands: A Rising Star in the Community

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Animoca Brands is a name well-known in the community, known mainly for in the circles of NFTs and Metaverse-related projects. This company raised almost $360 million in a round last year, at the valuation of $2.2 billion.

In this round, the company has had doubled it’s value within a period of less than three months. This round was led by Liberty City Ventures, followed by Winklevoss Capital, Soros Fund Management, and 10T Holdings.

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The funds will be used during acquisitions, and further investments, acquiring licenses and developing products. The company boasts of different NFT-related projects, Axis Infinity, Dapper Labs, NBA Top Shot, OpenSea, and the game, The Sandbox.

Animoca, itself, has invested $8 million on Burnt Finance, a platform based on NFTs, and Solana.

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