Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => NFTs & Collectibles => Topic started by: Jaya60 on October 20, 2021, 04:05:40 PM
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With an eye on the growing metaverse, the crypto gaming investor and publisher has more than doubled its valuation. Animoca Brands could be one of the biggest winners of the rising NFT market, placing early bets on Dapper Labs, OpenSea, and Axie Infinity creator Sky Mavis before each firm saw surging success. Now, Animoca has more than doubled its own valuation with a new funding round just months after the last one.
Today, the Hong Kong-based firm announced a new $65 million funding round that values it at $2.2 billion—a sharp increase from the $1 billion valuation when the company last raised money in July. Earlier this year, Animoca pulled in $138.88 million across two funding tranches from investors including Coinbase Ventures and Samsung. Why raise more money now?more information (https://decrypt.co/83853/animoca-brands-raises-65m-ubisoft-nft-gaming-push)
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An avalanche of projects coming from established and big names as well as from unknown start-ups are flooding the market hoping they can all get a share from this expanding market. NFT gaming is certainly the future happening right now and this industry will continue on to balloon even beyond 2021. Huge money is then poured for the industry and there will be even more in 2022.