Liberty

Axie Infinity

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Acquired by Animoca Brands last year, educational technology (EdTech) startup TinyTap <a aria-label="secured $8.5 million (opens in a new tab)" href="https://www.businessinsider.in/stock-market/news/this-sequoia-backed-edtech-startup-thats-bringing-nfts-to-classrooms-just-secured-an-8-5-million-fund-raise/articleshow/99764227.cms" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">secured $8.5 million</a> in a new funding round, bringing its valuation to $100 million. The company will use the funds to hire more employees and facilitate the development of its platform.</p> 
<h3 id="tinytap-hits-100m-valuation-after-fresh-funding">TinyTap Hits $100M Valuation After Fresh Funding</h3> 
<p><a aria-label="TinyTap (opens in a new tab)" href="https://www.tinytap.com/content/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">TinyTap</a>, an EdTech startup owned by Animoca Brands, raised $8.5 million in the latest funding round, according to Business Insider. Investors participating in the fundraising include Sequoia China, Polygon, Shima Capital, Liberty City Ventures, Kingsway Capital, and GameFi Ventures.</p> 
<p>The company plans to use the fresh capital to expand its workforce and invest in product development. The startup’s CEO, Yogev Shelly, reportedly said the new funding takes TinyTap’s valuation to $100 million.</p> 
<p>The new round comes less than a year after Animoca Brands acquired an 84% stake in TinyTap for around $39 million. The startup started raising funds for the round in October 2022, closing it in February this year after some investors backed out in the wake of the <a href="https://tokenist.com/ftx-files-for-bankruptcy-sbf-to-step-down-as-ceo/" rel="dofollow" class="deco-link">FTX’s collapse</a>.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="what-does-tinytap-s-platform-offer">What does TinyTap’s Platform Offer?</h3> 
<p>Founded in 2012 in Tel Aviv, Israel, TinyTap develops for producing user-generated educational content. It has a library of over 250,000 educational games in 24 languages created by teachers and publishers. Shelly said users can access the content by buying individual courses or monthly subscriptions. The company shares some of the revenue with the platform’s content creators.</p> 
<p>Since Animoca’s acquisition, the startup has been doubling down on expanding Web3 education. It also began implementing blockchain technology into the platform, adding tokenized content through non-fungible token (NFT) collections. Yat Siu, a co-founder of Animoca, said the addition of NFTs enables teachers to “better generate equity from their work and link up with co-publishers who can handle the promotion of their courses, all while offering students enhanced learning materials.”</p> 
<p>Animoca is one of the most prominent investors in the Web3 space today. Backed by <a href="https://tokenist.com/animoca-labs-to-raise-100m-in-funding-round-led-by-temasek-report/" rel="dofollow" class="deco-link">Temasek Holdings</a> and True Global Ventures (TGV), the Hong Kong-based venture capital firm launched a $2 billion Web3 fund last year, though that fundraising target was later halved due to the crypto market downturn. The company has invested in more than 300 startups, some of which have achieved immense success in the Web3 and NFT spaces, such as Dapper Labs, OpenSea, and Axie Infinity game creator Sky Mavis, among others.</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><em><strong>What are some of your favorite Web3 startups within Animoca’s portfolio? Let us know in the comments below.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/animocas-edtech-app-tinytap-raises-8-5m-to-build-on-web3/">Animoca’s EdTech App TinyTap Raises $8.5M to Build on Web3</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Animoca’s EdTech App TinyTap Raises $8.5M to Build on Web3

目录

TokenInsight

发布于 2023年4月25日的其他文章

South Korean Court Rules Terraform Labs Co-founder Not Guilty of Security Violations

Watch Out MasterCard, Visa is Hiring a Web3 Developer

Binance sets facts straight on crypto’s use in Tax evasion

The Top 10 Smart Contract Security Tools

FTX to Sell LedgerX to California-Based M7 Holdings for $50M

A tale of two countries, the IMF, and Bitcoin

订阅我们免费的电子期刊，获取每日最新加密领域动态！