What is Animoca brand?

Animoca Brands develops, operates and invests in blockchain gaming and NFT-related companies and is underpinned by the concept of “true digital ownership,” or turning every game item into real world assets in the form of NFTs. Its most popular titles include The Sandbox and Revv Racing.

Is Animoca Brands betting on Web 3?

With the network effect of Web 3.0, Animoca Brands cofounder and executive chairman Yat Siu isn't betting against his competitors. He's counting on them. Animoca Brands has raised nearly $360 million in a new funding round that values the Hong Kong-based blockchain gaming business at $5.4 billion, the company announced Tuesday.

Is Animoca a'metaverse' based on blockchain?

Animoca Brands has invested in more than 340 companies to build its vision of a "metaverse" based around blockchain technology, in which virtual assets can be bought and sold in the form of non-fungible tokens (NFTs) using cryptocurrencies.

Is Animoca affected by the banking crisis?

Even though Hong Kong-based Animoca was not “directly impacted” by the banking crisis, some of the more than 380 companies in its investment portfolio “would be affected,” said Siu. The Animoca cofounder said the deposits of those companies are safe and that “the problem is not critical.