Kingdom

Kingdom Karnage

Liberty

Treasure

Yield

Hong Kong-based Web3.0 group Animoca Brands has <a href="https://www.animocabrands.com/_files/ugd/0de4af_1937e8f926e54aa78a6969453c66ec54.pdf" rel="noopener noreferrer nofollow">revealed</a> that it has more than $2 billion in assets, making it one of the key players in the crypto sector. 
The $2.102 billion asset is both in cash and tokens as of November 30th, 2023. Per the breakdown, Animoca Brands has $172 million in cash and stablecoins, $330 million in third-party tokens, and $1.6 billion in off-balance sheet tokens.
<h2 id="b-animoca-brands-supports-web3-0-projects-b">Animoca Brands Supports Web3.0 Projects&nbsp;</h2>
Notably, this value encompasses Animoca Brands’ investments in prominent Web3.0 projects including infrastructure and gaming.
The unveiling of this data has sparked the interest of the public in the Web3.0 group. The data portrayed Animoca’s commitment to supporting other Web3.0 ventures. According to the report, the Hong Kong-based firm has invested in more than 400 projects since its inception and none of these investments were in meager sums.
<h2 id="b-animoca-in-multiple-fund-raisers-b">Animoca in Multiple Fund Raisers</h2>
Almost two years ago, <a href="https://thecoinrise.com/kingdom-karnage-raises-2m-from-animoca-brands-enjin-and-dfg-to-boost-gamefi-features/" rel="noopener noreferrer nofollow">Animoca Brands raised $2 million for its turn-based Non-fungible token (NFT) battle game Kingdom Karnage</a> in collaboration with Kriptomat, ExNetwork, MyMetaverse, DFG, Jsquare and many others. The game was designed to introduce new play-to-earn opportunities for its players. Similarly, the firm joined a first-quarter funding round organized by Intella X, a Web 3.0 gaming platform.
A total of around <a href="https://thecoinrise.com/web-3-0-gaming-platform-intella-x-secures-12m-in-a-seed-round/" rel="noopener noreferrer nofollow">$12 million was secured in the financing round</a>. Other investors like Big Brain Holdings, popular&nbsp;NFT&nbsp;marketplace Magic Eden, JoyCity, XL Games, Polygon, and Wemix equally took part in the financing round. These and many more showcase Animoca as a key influencer in the Web3.0 ecosystem.&nbsp;
<h2 id="b-animoca-s-mocaverse-project-garner-support-b">Animoca’s Mocaverse Project Garner Support&nbsp;</h2>
In September, the company successfully <a href="https://thecoinrise.com/animoca-brands-raises-20m-for-its-mocaverse-project/" rel="noopener noreferrer nofollow">raised $20 million by issuing new ordinary shares</a> for its Mocaverse project.&nbsp;
CMCC Global&nbsp;led the funding round with participation from the likes of Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (founder of Sky Mavis), Gabby Dizon (founder of Yield Guild Games), and institutional investors of Koda Capital.
The company has recently completed another round where it secured an additional $11.88 million for the Mocaverse project. This brings the total fund raised for this Web3.0 project to $31.88 million. Apart from its support for other projects, the funds raised for the Mocaverse project reflect a growing interest in Animoca Brands.&nbsp;
The post <a href="https://thecoinrise.com/animoca-brands-reports-over-2b-in-cash-and-tokens/" rel="noopener noreferrer nofollow">Animoca Brands Reports Over $2B in Cash and Tokens</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Animoca Brands Reports Over $2B in Cash and Tokens

Tabla de contenidos

TheCoinrise Media

Otros artículos publicados el 18 dic 2023

Loopring Price Shot Up 12%; Are Bulls Getting Back into the Game?

AllianceBlock Submits Ethereum Proposal for New RWA Token Standard

This May Be Your Last Chance to Get SCORP At These Prices, Investors Already Fund Millions Into T...

Crypto Retreat: Bitcoin at $41.6K, Ethereum Holds Ground in Year-End Trends

Technical Indicators Support Analyst’s $0.55 XRP Target

Why is EU coming after Elon Musk and his X?

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!