Animoca extends its recent $88.88 million funding round with a second tranche, bringing in Coinbase Ventures and other investors. Coinbase Ventures—the investment arm of the popular cryptocurrency exchange—is one of the major new investors backing Animoca with this extended round, along with Samsung Venture Investment Corporation and Razer’s zVentures. Other investors revealed in this latest round include Korea Investment Partners, Blue Pool Capital, Scopely, Liberty City Ventures, Gobi Partners, and Token Bay Capital.
Animoca Brands focuses on blockchain-based video games built around non-fungible tokens (NFTs), which allow for player-owned economies, play-to-earn gameplay models, and interactive items that can be bought and sold. While many NFTs take the form of artwork or video clips, video game NFTs can be character skins/outfits, weapons, plots of land, accessories, trading cards, and plenty more.
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