Who backed Animoca Brands?

Blockchain game maker and crypto investor Animoca Brands has secured $75 million in a funding round that values the Hong Kong-based company at $5.9 billion. Investors of the round include existing backers Liberty City Ventures, Kingsway Capital and 10T Holdings, among others, Animoca said on Tuesday.

Is Animoca gaining a better entry point to the open Metaverse?

“There is no question that the fundraising environment has become more challenging, but at the same time the current crypto climate has also enabled some users to gain a better entry point to the open metaverse,” Yat Siu, cofounder and chairman of Animoca, said in an email.

How much money did Animoca Brands invest in the sandbox?

In the months following, Softbank led a $93 million investment directly into The Sandbox, and Animoca Brands partnered with cryptocurrency exchange Binance to create a $200 million blockchain gaming incubator and accelerator program.

What companies did Siu invest in?

Siu: We invested in Sky Mavis, the developer of Axie Infinity, OpenSea (the world’s largest NFT marketplace), Wax and Decentraland. We also acquired the Sandbox. This all occurred during 2018-2019. Those were very, very early days, and we were somewhat lone rangers in the field.