Today, Hong Kong blockchain startup Animoca Brands announced that it raised $88,888,888 at a US $1 billion dollar valuation. Since its delisting from the Australian Securities Exchange (ASX) just over a year ago, the company has come a long way.
Investors included Capital, RIT Capital Partners (formerly Rothschild Investment Trust), HashKey Fintech, Huobi, Ellerston Capital and others.
The company is a prominent player in collectible games based on nonfungible tokens (NFTs). It runs the officially licensed F1 Delta Time game in which users buy collectible cars. While it may be quite common for collectors to pay eye-popping amounts for NFTs in 2021, that was not the case in 2019, when Animoca was already auctioning NFTs for formula one cars for tens of thousands of dollars. The game has a REVV token and Animoca also licensed rights to MotoGP.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
