Hong Kong blockchain unicorn Animoca Brands raises another US$75 million as crypto crash persists


Source: scmp.com scmp.com

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Hong Kong-based blockchain video gaming company Animoca Brands has raised US$75 million in a new round of financing, the company announced on Tuesday, showing signs of growth even amid a crypto market slump that sent global sales of non-fungible tokens (NFTs) plunging. This marks Animoca’s fifth round of fundraising since the beginning of last year, giving the company a valuation of US$5.9 billion, the company said in a statement. It is a modest increase from January, when a US$359 million fundraising round valued the company at US$5 billion. That round more than doubled its US$2.2 billion valuation from last October....