Animoca Brands, a spin-off of Animoca, is a global developer leveraging popular brands, gamification, AI, blockchain, and mobile technology to make engaging apps ranging from games to fitness solutions.
Animoca Brands utilizes their unique capabilities to develop compelling consumer applications with focus on.
Animoca Brands was founded in January 2014 by Yat Siu. The company is headquartered in Southern, Hong Kong.
Animoca is focused on bringing digital property rights to video gamers and the metaverse through the use of NFTs, which can authenticate digital collectibles, and blockchain, the secure and transparent digital ledger which is the underlying technology behind cryptocurrencies.
Animoca’s games like F1 Delta Time offer REVV tokens as rewards for players who engage with the games. And Animoca’s Sandbox offers SAND tokens that people can use to buy land or buy and sell items in the Sandbox world. Players in the Sandbox can create NFT items and sell them in a marketplace.
Animoca Brands’ portfolio of blockchain investments and partnerships includes Dapper Labs, Opensea, Bitski, and Axie Infinity, among several others.
Animoca is backed by Kingsway Capital, Liberty City Ventures,Coinbase Ventures, Ubisoft, Blue Pool Capital, 10T Holdings, Gobi Partners, Delta Fund, Korea Investment Partners, Samsung Venture, M7, and others. The company raised $358.9M in a new round on Jan 18, 2022. This brings Animoca's total funding to $604.5M to date. The latest round more thand doubled the company's valuation to over $5B, from theor previous $2.2B gained after a financing raised in Oct 2021.