Animoca Brands

Animoca Brands’ Yat Siu sees NFTs as a way to protect ownership in the age of AI

NFTs don’t always get taken very seriously, particularly now that AI and content creators are hogging the spotlight, but not everyone is so quick to discount crypto’s oft-derided younger sibling.

Love ’em or hate ’em, NFTs can survive thanks to the communities that drive them

NFTs get a lot of heat, but there’s a widespread belief in the industry that there’s ample value underlying the concept and the various use cases it brings.

Ethereum NFT marketplace passes $1B in volume for first time since May as the creator royalties war heats up

The NFT market may be finding its footing again as the market on the Ethereum blockchain surpassed $1 billion for the first time since May 2022.

Meta’s $10B metaverse investment is ‘not enough’ according to Animoca Brands’ Yat Siu

Yat Siu, the co-founder and executive chairman of Animoca Brands, has a lot of thoughts about the metaverse. That’s because his company owns The Sandbox and has investments in many different web3 co

Animoca Brands’ Japan unit raises $45M at $500M valuation for NFT push

Asia’s crypto games and web3 investment powerhouse Animoca Brands is making inroads into Japan as its local unit picks up $45 million in financing at a $500 million pre-money valuation. The inve

Former Tencent insurance boss joins web3 powerhouse Animoca Brands

Animoca Brands, the Hong Kong-based gaming company and the investor behind web3 big names like The Sandbox, Sky Mavis, Dapper Labs and OpenSea, just got a talent boost. Alan Lau, former CEO and chairm

With maiden $42M fund, Bonfire Union wants to invest in web3 like Tencent does in Web 2.0

Mask Network, a Binance-backed startup that enables users to send cryptocurrencies and encrypted messages on established internet platforms like Twitter, has an ambitious goal: to become the corporate

Ring ring ring ring Solanaphone

Welcome back to Chain Reaction. Last week, we talked about the NFT community being down bad but still down to party. This week, we’re looking at the desperation of web3 startups for a post-Apple

Cryptoys banks a16z funding to build NFTs for kids

The past several months haven’t been entirely kind to the NFT market — while transaction volume hasn’t stuttered too significantly, the dollar amount invested in the space has been i

Blockchain gaming unfazed by crypto volatility as gamers ‘seek out entertainment’

While the crypto industry was in free fall over the past few months, web3 games remained fairly stable.

Animoca Brands plans to add education to its multibillion-dollar NFT and gaming business

Animoca Brands has grown into one of the biggest firms in the metaverse, play-to-earn gaming and NFT worlds, but it wants to enter a new sector: education.

Why Axie Infinity’s co-founder thinks play-to-earn games will drive NFT adoption

As we’re almost halfway through 2022, a question stands: Is Axie holding up to its hype?

Axie Infinity creator raises $150M round to compensate victims of ~$625M Ronin hack

Vietnamese gaming studio Sky Mavis announced that it has raised $150 million in funding led by crypto exchange Binance to help reimburse users who lost funds during a ~$625 million hack of its play-to

Token and equity management startup Sprout raises $3M

As cryptocurrency goes mainstream, attracting individual and institutional investors, digitally-savvy employers realize tokens are an increasingly attractive form of compensation, especially for their

Polygon raises $450M from Sequoia Capital India, SoftBank and Tiger Global

Polygon has raised $450 million in a new venture financing round as the firm, with a market cap of about $13 billion, aggressively expands its portfolio of Ethereum scaling solutions and works to attr

Animoca Brands has raised funding at a more than $5B valuation, triple where it was in October

Animoca Brands, an eight-year-old, 600-person Hong Kong-based outfit that has managed to put its stamp on many of the world’s most popular NFT and metaverse brands, has raised roughly $360 milli

Burnt Finance raises $8M led by Animoca Brands, launches DeFi-oriented NFT marketplace

Burnt Finance is a crypto startup which, as a stunt, burnt a Banksy artwork and but then the NFT they’d minted for it for $400,000, double what it cost on the ‘normal’ open art market. B

Animoca, Galaxy Interactive and Polygon back gaming firm nCore in web3 push

nCore Games has raised $10 million in a new financing round as the top Indian gaming firm gears up to launch web3 offerings, its top executives said Monday. Animoca Brands and Galaxy Interactive, two

A peek into web3 power player Animoca Brands

If you haven’t heard of Animoca Brands over the last year or so, you haven’t been paying close attention. With a long and growing list of digital entertainment, blockchain and gaming prope

Hong Kong accelerator Brinc raises $30M Series B

I’ve visited Brinc’s headquarters the last few times I’ve been to Hong Kong, and been impressed with the range of different startups the accelerator works with. I knew the organization primary t
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