Amid NFT frenzy, HK-based Animoca Brands nets $89m to enter unicorn club

Photo by Andre Francois on Unsplash

Animoca Brands, a Hong Kong-based firm that develops digital property rights to games through non-fungible tokens (NFTs), announced on Thursday that it has raised nearly $88.9 million in a new funding round to reach the unicorn valuation of $1 billion.

London-based Kingsway Capital; RIT Capital Partners (formerly Rothschild Investment Trust); and HashKey Fintech Investment Fund joined the round.

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