In the latest announcement revealed on Thursday, Animoca Brands said Temasek, Boyu Capital, and GGV Capital will provide the firm with advice and the companies will give “input on [Animoca Brands’] business and capital plans.” The Web3 and blockchain gaming publisher plans to use the fresh capital for “strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties.
Furthermore, the announcement sent to Bitcoin.com News details that the firm aims to bolster the open metaverse. Yat Siu, the co-founder and executive chairman of Animoca Brands, detailed that the company has seen notable growth during the last 12 months. “Animoca Brands has grown significantly as a company in the last year, and our new investors will contribute strategic advice and perspective as we build the world’s leading company furthering digital property rights in the Web3 industry,” Siu said in a statement.Non-fungible tokens and Web3 have seen a considerable dip in market value and overall interest in 2022 since the highs last year.
from cryptoslam.io indicates monthly NFT sales hit $543.77 million but are down 20.05% lower than the month prior’s $680.12 million.
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