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Metaverse startup Animoca Brands hits valuation of over $5B

Animoca Brands, an Australia-based metaverse startup focused on NFTs and gaming, has raised $358.88 million in new funding round and is now valued at over $5 billion. Liberty City Ventures led the round, with several other investors participating, including Soros Fund Management, Sequoia China, 10T Holdings, Mirae Asset, Pacific Century Group, ParaFi Capital, and Winklevoss Capital. With fresh capital in hand, Animoca Brands plans to continue funding acquisitions and investments and further develop its gaming products. The company’s major blockchain …

Bored Ape Yacht Club game arriving in Q2 via Animoca Brands partnership

The Hong Kong-based software firm Animoca Brands is helping the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club create a blockchain-based game, according to a Monday announcement.  While much about the game remains unknown, it will feature a play-to-earn system that allows users to accrue real wealth by playing the game. The game is expected to drop between April 1 and June 30 of next year.  “There are very few icons that are able to represent …

Binance Smart Chain, Animoca Brands launch $200 million gaming fund

Binance Smart Chain (BSC) and non-fungible token (NFT) gaming outfit Animoca Brands have partnered to launch a $200 million fund. It will be geared towards early-stage backing of blockchain gaming startups, according to an announcement on Monday. Both companies will invest $100 million each in the investment program that will target short-listed developers building blockchain-based games on the BSC network. For BSC, the investment is coming from its $1 billion accelerator Growth Program launched in October. Monday’s announcement is yet …