Animoca Brands Raises $20 Million, Grants Utility Token Warrant to Investors!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 11, 2023 9:27

Hong Kong-based blockchain gaming firm Animoca Brands has raised $20 million through the issuance of new ordinary shares for A$4.50 per share. As part of the funding round, the company has awarded investors a free-attaching utility token warrant on a 1:1 basis. The capital will be used to develop Animoca Brands’ gaming and blockchain initiatives, including its non-fungible token (NFT) platform, which allows players to own unique game assets. Animoca Brands has collaborated with some of the world’s biggest brands, including Formula 1, Sesame Street, and Garfield.