NFT gaming company Animoca Brands has announced it raised $110 million in a funding round led by Temasek, Boyu Capital, and GGV Capital. Animoca Brands, known primarily as the creator of the popular metaverse game The Sandbox, said that the newly acquired funds would help the company in its ongoing expansion.
Animoca Brands, a Hong Kong-headquartered blockchain gaming and venture capital firm, announced on Tuesday that it raised over $75 million in its latest financing round.
One of the leading companies leading the blockchain gaming revolution, The Sandbox, is reportedly trying to raise $400 million in new capital from private investors. According to Bloomberg which first reported the news, the Sandbox team is looking to raise new funds at $4 billion valuation from new and existing investors.
The Animoca Brands-owned metaverse The Sandbox has reached the 2 million user milestone amidst the season 2 alpha launch. The play-to-earn virtual world allows players to buy and sell NFT-toklenized land plots and earn crypto rewards by simply completing the in-game quest.
Hong Kong-based gaming and venture capital company Animoca Brands has announced it will no longer allow Russian citizens access to its services. One of the company’s co-founders, Yat Siu, told Bloomberg that the decision to leave the Russian market was made after receiving legal advice.
Animoca Brands, a Hong Kong-based gaming and venture capital company, as well as the owner and developer of a highly popular crypto metaverse, The Sandbox, has announced it raised $358.89 million at over $5 billion valuation in the latest funding round led by Liberty City Ventures.