TechFlow news — According to Cointelegraph, Animoca Brands, a blockchain gaming development and investment firm, has raised $358.8 million in funding led by Liberty City Ventures, with participation from 10T Holdings, Gemini Frontier Fund, ParaFi Capital, Provident, Sequoia China, and Winklevoss Capital, among others. The company is now valued at $5 billion post-funding. Animoca stated that the funds will be used to support strategic acquisitions and investments, product development, and intellectual property licensing. The company said its vision is to build a metaverse that enhances users' digital property rights through NFTs.
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