Animoca Brands has announced a successful capital raise of approximately $75 million, marking the second tranche of funding following the initial round on January 18, 2022. Investors in this tranche include Kingsway Capital, Liberty City Ventures, Alpha Ventures, 10T, Generation Highway Ltd, among others. The funds will be used for product development, strategic acquisitions, investments, and intellectual property licenses to further develop the open metaverse. Utilizing technologies such as NFTs and blockchain, Animoca Brands aims to provide true virtual ownership of digital data and assets, enabling various GameFi and DeFi opportunities and enhancing asset interoperability for participants in the open metaverse.

Animoca Brands has signed Subscription Agreements with experienced traders to issue an additional 23,237,058 shares, resulting in a net subscription price of US$75.32 million (approximately A$104.57 million). This will bring the total number of fully paid common shares to 1,836,142,334.

Yat Siu, executive chairman and co-founder of Animoca Brands, highlighted that virtual property rights represent a significant shift that impacts everyone online, laying the foundation for an open metaverse. The company appreciates the strong investor support and aims to reinforce its leadership in the web 3.0 industry.

Emil Woods, managing partner of Liberty City Ventures, predicted that over the next decade, digital ownership of blockchain-based assets would revolutionize numerous aspects of daily life. Manuel Stotz, CEO and founder of Kingsway Capital, noted the steep growth trajectory of NFTs and ownership technology, particularly in emerging digital markets, and expressed enthusiasm for continuing the partnership with Animoca, which has grown stronger since the 2018-19 crypto winter.

A winner of the Deloitte Tech Fast award, Animoca Brands is a global leader in blockchain, gamification, and digital entertainment, committed to advancing virtual property rights and contributing to the open metaverse. The company publishes and develops a diverse range of products, including SAND and REVV tokens, original games like Crazy Kings, Crazy Defence Heroes, and The Sandbox, and products featuring popular intellectual properties such as WWE, Disney, Snoop Dogg, Power Rangers, The Walking Dead, and Formula E. Animoca Brands has several subsidiaries, including Blowfish Studios, The Sandbox, Eden Games, Grease Monkey Games, Lympo, Darewise, TinyTap, and Notre Game, and holds a growing portfolio of over 340 investments, including OpenSea, Axie Infinity, Colossal, Dapper Labs, Harmony, and Star Atlas.