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

Hong Kong-based blockchain gaming firm Animoca Brands has raised $20 million through the issuance of new ordinary shares for A$4.50 per share. As part of the funding round, the company has awarded investors a free-attaching utility token warrant on a 1:1 basis. The capital will be used to develop Animoca Brands’ gaming and blockchain initiatives, including its non-fungible token (NFT) platform, which allows players to own unique game assets. Animoca Brands has collaborated with some of the world’s biggest brands, including Formula 1, Sesame Street, and Garfield.