Meanwhile, the MotoGP™ Fan World Championship meta game continues to grow in popularity and is backed by some of the biggest names in motorsport. Investors at Liberty City Ventures see how the next decade’s blockchain-based digital assets and ownership will change everyday aspects of society. Investors in the latest round include Liberty City Ventures, Kingsway Capital, SG Spring Limited Partnership, Generation Highway Ltd, Cosmic Summit Investments Limited and Alpha Wave ventures. Glassdoor gives you an inside look at what it’s like to work at Animoca Brands, including salaries, reviews, office photos, and more.

• Animoca Brands the company behind The Sandbox has raised $75 million in their latest round of funding.
• Following the acquisition by Animoca Brands, Graeme Warring, COO of WePlay Media, will continue to lead WePlay Media and will drive MotoGP™ projects, working with Animoca Brands’ REVV Motorsport team, which operates the blockchain game MotoGP™ Ignition.
• The acquisition of WePlay Media will allow Animoca Brands to expand on its existing relationship with Dorna Sports as a sponsor, NFT licensor, collectible cards provider, and blockchain game developer and publisher.
• Animoca Brands Japan is a strategic subsidiary of Animoca Brands Corporation Limited, focused on cooperative partnerships in Japan for NFT related business opportunities.
• Raised $110 million from a collection of convertible notes with both new and returning investors.

Overall, the firm will look to leverage the funding to boost its footprint in the open metaverse, including via projects that advance the digital property rights of online consumers. Leading metaverse investor Animoca Brands has continued its impressive surge, as its Japanese subsidiary ‘Animoca Brands KK ’ raised $45 million, with a pre-money valuation of $500 million. The firm is an early investor in Play-to-earn game hit Axie Infinity while also having invested in NFT marketplace OpenSea.

It was established eight years ago by rugged tourist Graeme Warring, and Mark DeSimone, a racing video game veteran. Presently, Animoca Brands is in a Membership Interest Purchase Agreement with the online game developer. The news was announced at the MotoGP™ Gran Premio Animoca Brands de Aragón, a racing event of which Animoca Brands is the title sponsor. The investment to secure local licenses and investments gives Animoca Brands Japan a pre-money valuation of $500 million. The Japanese unit of investor in non-fungible token and metaverse projects, Animoca Brands, has concluded the raise of $45 million. This is a long way from an exhaustive list, but gives you a sense, of the scale of their portfolio just in Web3.

The announcement should be no surprise, as Animoca Brands consistently shows, that they have the pulse on new tech emerging to host the open Metaverse. For more information about Animoca Brands’ developments, you can visit the company’s website or Twitter for the latest news. Recently, the company launched a Decentralised Autonomous Organisation called the Open Metaverse Alliance for Web3 , which aims to unite Web3 projects to develop metaverse standards. Moreover, in April, Japan’s LINE launched its NFT marketplace LINENFT, offering around 40,000 NFTs to its 90 million users.

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MotoGP Championship Quest launched in 2017 and has over 50 million downloads on mobile platforms and around 1.2 million monthly active users globally. With the series’ official mobile racing game in its stable, how to set up cryptocurrency exchange also plans to develop an integrated experience for players on the blockchain game MotoGP Ignition. The acquisition of WePlay Media will allow Animoca Brands to expand on its existing relationship with Dorna Sports as a sponsor, NFT licensor, collectible cards provider, and blockchain game developer and publisher.

• Japan, in particular, has introduced a wave of new regulations including a 30% corporate tax on profit for crypto holdings, including unrealised gains.
• “The acquisition of WePlay Media will boost our engagement with fans of the amazing sport of MotoGP, unlocking powerful exposure in both the metaverse and traditional gaming,” said Yat Siu, co-founder and executive chairman of Animoca Brands.
• It seemed 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.

Following the acquisition by Animoca Brands, Graeme Warring, COO of WePlay Media, will continue to lead WePlay Media and will drive MotoGP™ projects, working with Animoca Brands’ REVV Motorsport team, which operates the blockchain game MotoGP™ Ignition. 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. Asian Private Equity and Venture Capital Review provides an independent overview of the private equity, venture capital and M&A activities in the Asia region.

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Japan, in particular, has introduced a wave of new regulations including a 30% corporate tax on profit for crypto holdings, including unrealised gains. Interestingly, this news arrives during uncertain times for cryptocurrencies worldwide. Animoca Brands Japan is a strategic subsidiary of Animoca Brands Corporation Limited, focused on cooperative partnerships in Japan for NFT related business opportunities.

The game will be available on App Store and Google Play on September 8, and in the week following the launch, GAMEE will hold three tournaments, one each for Cool Cats NFT holders, Cool Pets NFT holders, and all Arc8 players. #NFTLotería, a game centered around a series of community-focused #NFTs derived from #Lotería, an image-based game ubiquitous in the #Latinx community has been launched by… Cameron Smith is the unsung hero of Leeds Rhinos stunning Grand Final run, having learned from the great players around him in previous years. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the economy. A reader & writer at heart, he calls himself an „average guitar player” and a fun footballer. Web3 and non-fungible tokens have seen a sharp decline in attention and market value since their high last year.

It represents the latest expansion into the world of MotoGP by Animoca Brands, having been a partner of the global motorcycling series since 2019. The acquisition will enable the company to expand its relationship with MotoGP promoter Dorna Sports as a sponsor, non-fungible token licensor, collectible cards provider, and blockchain game developer and publisher. Metaverse and blockchain gaming firm Animoca Brands has agreed to acquire WePlay Media, the developer of the MotoGP Championship Quest mobile game.

• 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.
• The #Fintech Times Bi-Weekly #NewsRoundup this Thursday brings you the latest #funding rounds and #partnerships updates from around the world….
• „It will allow us to not only combine our communities, but amplify the Cool Cats brand from within the Web3 space and beyond.”
• As part of a $500 million valuation, Animoca Brands KK has received $45 million in funding from both Animoca, its parent company, and Mitsubishi UFJ Financial Group , the largest bank in Japan.
• „We take a long-term view, and also note that blockchain gaming has been relatively less affected by the chill than some other sectors,” the spokesperson said, without elaborating.
• Animoca Brands’ portfolio consists of various games, both centralized and decentralized, including; mobile devices, game consoles, PC, web and blockchain.

The largest bank in Japan, MUFG, and the parent company of Animoca Brands KK , raised $45 million for the business’s Japanese division. Robby Yung is CEO of Animoca Brands, a leading mobile gaming studio and publisher who have millions of users and a raft of licensing partnerships with major brands globally. Since then they have partnered and invested in Crypto Kitties, DApper Labs, F1 Delta Time and Sandbox establishing themselves as the leading blockchain gaming company. Animoca Brands has invested in more than 340 companies to build its vision of a „metaverse” based around blockchain technology, in which users can buy and trade digital assets in the form of non-fungible tokens . LONDON -Hong Kong-based blockchain gaming developer Animoca Brands has raised $110 million from investors, the company said in a statement on Thursday.

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Animoca Brands is a big name in blockchain gaming development and has been acquiring new companies throughout 2022. The company bought a variety of subsidiaries, including such Web3 favorites as The Sandbox, GAMEE, Grease Monkey Games, Lympo, and Eden Games, to name a few. Only last month, Animoca Brands received a valuation of $5.5 billion, as they raised $75 million in an investment round including Liberty City Ventures and Kingsway. Raised $110 million from a collection of convertible notes with both new and returning investors. Before then, Animoca secured $100 million in a round with Singapore state-owned Temasek.

Animoca Brands’ first foray into blockchain-based gaming was a false start, with F1 Delta Time shutting down after the firm was unable to renew its license with Formula One. The survey results identified huge existing interest and opportunities for further growth in gaming, highlighting that 79% of all respondents aged engaged in competitive gaming at least once a week. Mobile gaming was especially popular for 68% of female MotoGP™ fans and with 54% of fans in the Asia-Pacific region. The company will invest the funds in creating an open Metaverse where all participants can prosper within a fair and open framework. All investment/financial opinions expressed by NFT News Today are not recommendations. Animoca Brands has an extensive portfolio of more than 340 investments, which includes The Sandbox, NFT marketplace OpenSea, Dapper Labs , Colossal and Axie Infinity.

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Top blockchain game Axie Infinity, which is backed by best forex brokers 2021, has seen a steep decline in monthly sales volume, buyer numbers and average sale prices since January, according to market tracker CryptoSlam. „We take a long-term view, and also note that blockchain gaming has been relatively less affected by the chill than some other sectors,” the spokesperson said, without elaborating. „Our new investors will contribute strategic advice and perspective,” Animoca Brands’ co-founder Yat Siu said in a statement, describing it as a „special strategic round of fundraising.” Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material. As one would imagine, this has been fairly unpopular among the blockchain community in Japan and has even sparked discussion about firms exiting the Japanese market.

Considering its possession of MotoGP™ Championship Quest, the official MotoGP™ mobile racing game, any experience with poloniex crypto exchange also stands the chance to offer MotoGP™ Ignition players and other interested gamers an integrated experience. 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. Japan’s Nomura Holdings has launched a business called Laser Venture Capital that will invest in companies in the blockchain and digital assets space. Last month, Animoca Brands said its priority is to develop a wider Web 3.0 ecosystem in which assets are transferrable between platforms, rather than securing licenses for its blockchain-based sports game.

The company has over 700 employees and their presence in blockchain gaming is unparalleled. The open #metaverse is set for considerable redevelopment as @TheSandboxGame, the decentralised gaming metaverse and a subsidiary of @animocabrands, has committed $50million to the venture accelerator… At the same time, regulations within Japan regarding blockchain assets are still unravelling. Just recently, a law was passed that imposed a 30% corporate tax on crypto-related profits, including unrealized gains. As part of a $500 million valuation, Animoca Brands KK has received $45 million in funding from both Animoca, its parent company, and Mitsubishi UFJ Financial Group , the largest bank in Japan.

Hong Kong blockchain gaming unicorn Animoca Brans has secured $110 million from investors including Singapore-based Temasek, GGV Capital, True Global Ventures , and Boyu Capital. The funding was conducted to support the firm’s mission to deliver quality property rights to users, including creating a new asset class – play-to-earn economics, and a more equitable digital framework. The deal comes after the company raised $75 million at a valuation of $5.9 billion in July, with participation from investors including Liberty City Ventures, Kingsway Capital, and Alpha Wave Ventures. Animoca Brands was founded in 2011 and specializes in blockchain, gamification, and artificial intelligence technologies to advance digital property rights and contribute to the establishment of an open metaverse.

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Some of the company’s most notable blockchain projects are REVV Racing, F1® Delta Time, MotoGP™ Ignition, and The Sandbox. With this impressive valuation and funding round, Animoca Brands KK now intends to delve even further into the Japanese gaming sector. Given how profitable the Japanese market is for blockchain-based products like GameFi and NFTs, this is a very strategic move. The decision comes in spite of the Japanese authorities signaling an escalated focus on investor protection with stricter regulations. This involves a 30% tax on profit from cryptocurrency holdings, a latest regulation on stablecoin, and disagreement reports among the regulators and digital assets advocacy groups in the industry.