Animoca Brands got its start by developing games for smartphones and tablets and then went straight down the rabbit hole into the blockchain gaming space around 2017.  

The company has built a wide-ranging portfolio of gaming assets and stakes in other companies including:

• Dapper Labs (cryptokitties)
• Sky Mavis (Axie Infinity) and
• NFT marketplace OpenSea.

They recently raised $360M in fresh funding at a valuation of more than $5B which is significantly up from the last funding they did for a $65M raise at a 2.2B valuation just this past October 2021.

As the company themselves describe it, they have a “broad portfolio of game products, both centralized and decentralized, branded and original, with coverage across most primary platforms including mobile devices, game consoles, PC, web, and blockchain” with products, including games, ranging from hyper casual to hardcore, as well as collectibles, utility tokens, e-sports titles” and more.

In addition to the Burnt Finance financing described in the blurb right above, they have made two notable recent investments:

• a $9M Series A round in CryptoSlam, a Kansas-based NFT industry data aggregator, and,
• a $10M round in Indian gaming firm nCore Games done with Galaxy Interactive.

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