3 months ago 1 min read

Impressive Successes Mark Animoca Brands' Farewell in 2022

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In 2022, Animoca received $544 million from investors, including Temasek, Boyu Capital, GGVCapital, and others. According to the company, the funding supports Animoca's ambitions to establish the Open Metaverse and grant Digital Property Rights to all internet users globally.

Additionally, Yat Siu, co-founder and chairman of Animoca Brands, must be mentioned in relation to this success. He has raised the company and strengthened its position with his vision and strategy in the area of blockchain games and the metaverse.

The $360 million round of funding, which Animoca Brands concluded in January 2022 at a valuation of $5.4 billion, was driven by Liberty City Ventures and numerous other VCs. By promoting digital property rights through NFTs and gaming, the company is expected to broaden the open metaverse and emerge as a major player across the board.

Benji Bananas, a well-liked mobile game from Animoca Brands, is becoming play-to-earn (P2E) with the addition of Ape Coin, the company announced in March. By promoting digital property rights through NFTs and gaming, the company also became a significant partner of Otherside metaverse, a world-building platform that Yuga Labs and Improbable jointly developed to expand the open metaverse.

Blockchain gaming platforms have also been developed successfully by Animoca and its affiliates. With the purchase of the music metaverse company PIXELYNX towards the end of 2022, Animoca in particular also took off.

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