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

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 11, 2023 9:27

Hong Kong-based blockchain gaming agency Animoca Manufacturers has raised $20 million by means of the issuance of recent extraordinary shares for A$4.50 per share. As a part of the funding spherical, the corporate has awarded traders a free-attaching utility token warrant on a 1:1 foundation. The capital will probably be used to develop Animoca Manufacturers’ gaming and blockchain initiatives, together with its non-fungible token (NFT) platform, which permits gamers to personal distinctive recreation belongings. Animoca Manufacturers has collaborated with a few of the world’s greatest manufacturers, together with Formulation 1, Sesame Road, and Garfield.