Animoca Brands Raises $358 Million at $5 Billion Valuation

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Today’s Cryptocurrency Headline

Animoca Brands, the company driving digital property rights through NFTs and gaming to build an open metaverse, announced today that it has closed a capital raise of US$358,888,888 (approximately A$500.3 million) at a pre-money valuation of US$5 billion. The new funding will be used to continue funding strategic acquisitions and investments, product development, and licenses for intellectual properties. This round was led by Liberty City Ventures, with other investors including 10T Holdings C Ventures, ParaFi Capital, Sequoia China, Stable Asset Management, Soros Fund Management and Winklevoss Capital, among others.

BingX’s Bitcoin Chart

Bitcoin price analysis predication today
Source: TradingView& BingX

The cross-chain bridge Multichain announced Monday that it had been notified of a vulnerability in its bridging router affecting several tokens. The vulnerability has resulted in users losing over $1.4 million to hackers. BTC price has traded in the $40,000 – $45,000 price zone for the past week, suggesting that neither bulls or bears are dominating the market. In the medium to long term, the market remains bearish. 

 

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