Animoca Brands scores $65m at $2.2b valuation to boost NFT gaming

Animoca Brands scores $65m at $2.2b valuation to boost NFT gaming

The Animoca Brands team in Hong Kong.

Animoca Brands, a Hong Kong-based firm that develops digital property rights for games through non-fungible tokens (NFTs), announced raising $65 million in its latest funding round at a pre-money valuation of $2.2 billion.

The latest round was participated by a host of venture capital investors and gaming firms that have seen the potential of advanced blockchain technology. They include French game maker Ubisoft Entertainment, Chinese VC Sequoia Capital China, US venture investor Liberty City Ventures, and Dragonfly Capital.

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