More

    Crypto Winter Be Damned: Animoca Brands Gets $5.9 Billion Valuation

    Summary: Animoca Brands has been ever-present in the birth and growth of blockchain gaming. Now, the company has secured a $75 million funding round that sees the company valued at $5.9 billion.

    In the last few years of blockchain gaming — where almost all progress has been made — there has been one name that has been omnipresent: Animoca Brands.

    Who Is Animoca Brands?

    https://static.wixstatic.com/media/0de4af_0fbbb522a05b45e1a8958985ab78d4f7~mv2.jpg
    Yat Siu, Co-Founder, Executive Director, and Managing Director of Animoca Brands

    Founded in January 2014 by Yat Siu and David Kim, Animoca Brands become a leading name in gamification. However, it wasn’t until the advent of blockchain in gaming that the company went nothing short of parabolic. Now, with a portfolio of well over 300 projects, Animoca Brands has been bank-rolling Web3 gaming and the metaverse.

    In their principal products list, here are a selection of blockchain games:

    This is a long way from an exhaustive list, but gives you a sense, of the scale of their portfolio just in Web3. The company has over 700 employees and their presence in blockchain gaming is unparalleled.

    On numerous occasions during the last 18 months to 2 years, in writing and on the Mint One podcast, I have not only referenced Animoca Brands, but highlighted how often I have to reference them. It seemed (and seems) as if every project I cover that has any promise — and even some I don’t think do — has Animoca Brands in their list of investors and partners.

    That widespread speculation appears to have paid off, at least in recognition of their role in the space.

    Animoca Brands Valued at $5.9 Billion After Funding Round

    Animoca Brands has landed $75 million in a recent funding round that sees the company attain a $5.9 billion valuation. This is far from the first time the company has received sizable investments; Animoca Brands has secured comfortably north of $700 million in total. In Q4 2021, the company was valued at $2.2 billion which Animoca Brands will near-triple in just 12 months.

    Crypto is a fast-moving space, but the bleak few months have seen a severe downturn and the bear market shows no sign of slowing down. Regardless, blockchain gaming has been a sanctum and bunker for many, with the sub-sector marching forwards through the snow. Although gaming-related cryptocurrencies have been anything but exempt from the sharp decline in value, investment has flowed freely into Web3 gaming projects, not least thanks to Animoca Brands.

    This “crypto winter” could be upon us for some time yet, but for us interested in the application of blockchain technology in gaming, there has been no slowing of the ship; Animoca Brands’ latest investment round and consequent valuation is yet more evidence of that.

     

    Robert Baggs
    Robert Baggs
    Full-time professional crypto writer and Editor of Token Gamer. Obsessed with MMOs. London based. Primary holdings: WAXP & ENJ. Secondary holdings: ETH & GALA.

    Drops & Releases

    No event found!

    Latest Articles

    Related articles