Animoca Brands, a Cyberport community company that is delivering digital property rights to gamers via NFTs (non-fungible tokens), announced that it has completed a capital raise of US$88,888,888 based on a valuation of US$1 billion.

Investors in the round included Kingsway Capital, RIT Capital Partners (formerly Rothschild Investment Trust), HashKey Fintech Investment Fund, AppWorks Fund, LCV Fund, Huobi, Octava, Ellerston Capital, Perennial, Axia Infinity Ventures, SNZ, Liberty City Ventures, Metapurse, and other prominent investors.

The funding is a strategic milestone that positions Animoca Brands for further aggressive growth as it continues to bring digital property rights to video gamers through the use of blockchain and NFTs, enabling powerful benefits such as play-to-earn capabilities and digital asset interoperability.

The new capital will also be utilized to fund further acquisitions, develop new products, continue to make strategic investments, and secure additional licenses for popular intellectual properties to cement Animoca Brands' leadership and that of its various subsidiaries in the NFT and gaming spaces.

Following the success of its blockchain game titles including F1® Delta Time, The Sandbox, and MotoGP™ Ignition, as well as the launches of their associated tokens, including REVV and SAND, Animoca Brands has emerged as a leading force in the field of blockchain, NFTs, and games, having already made highly successful investments in Dapper Labs, Opensea, Bitski, Axie Infinity, and many others.

With the recent launch of the GAMEE, TOWER, and LMT tokens, Animoca Brands is trailblazing the use of blockchain-based in-game rewards, creating innovative new ways to monetize video games - a market estimated to be worth US$179.7 billion in 2020 (source: IDC, 2020).

To commemorate the achievement of its unicorn status, Animoca Brands is issuing an NFT to investors, key partners, and supporters who helped make this moment possible.

Animoca Brands co-founder and chairman Yat Siu commented: "This capital raise is an important milestone for Animoca Brands. We are glad that investors share our vision for NFTs redefining equity and property rights online. Animoca Brands was set up in 2014 and since then its headquarters has been at Cyberport. You could say this is our home. Cyberport actively promotes digital entertainment ventures, attracting potential startups in the industry to join the Cyberport community, which creates synergy for all the companies here. HashKey, which is also a member of the Cyberport community, participated in our unicorn capital raise."