Six weeks ago, Animoca Brands raised $88,888,888 at a $1 billion dollar valuation. Today, Animoca raised a second tranche of an additional $50 million, bringing total investments in this funding round to $138,888,888. The investors included Gobi Partners, Samsung Venture Investment Corporation, Coinbase Ventures and others.
Animoca is mostly known for the development of blockchain games that incorporate non-fungible tokens (NFTs). The company has a partnership with Formula 1, Manchester City, and Moto GP, to name a few. Animoca launched F1 Delta Time with Formula 1, which is a similar platform to Dapper Labs’ NBA Top Shot and issues non-fungible tokens (NFTs) relating to the races. Its deals with MotoGP and Manchester City are for blockchain games.
Various F1 teams have signed their own NFT deals outside of F1 Delta Time. While many sports teams have followed the trend of signing NFT and fan token deals, so far, fewer are licensing blockchain games.
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.
