Hubbry Logo
search
logo

Animoca Brands

logo
Community Hub0 Subscribers
Write something...
Be the first to start a discussion here.
Be the first to start a discussion here.
See all
Animoca Brands

Animoca Brands Corporation Ltd. is a Hong Kong–based game software company and venture capital company co-founded in 2014 by Yat Siu and David Kim. The company initially focused on developing mobile games, then shifted to blockchain gaming and NFTs in 2018.

Animoca Brands was listed on the Australian Securities Exchange from 23 January 2015 to 9 March 2020.

On 15 November 2011, mobile games developer Animoca raised an undisclosed amount of funding in a Series A round led by Intel Capital and IDG-Accel (which tapped its China Growth Fund III). In 2014 Animoca Brands was spun out from Animoca, and the new entity listed on the Australian Securities Exchange in January 2015.

From January to March 2018, Animoca Brands started rolling out Crazy Kings and its sequel, Crazy Defense Heroes generating US$2.8 million in revenue in the first three months worldwide.

In March 2018, Animoca Brands launched OliveX, a fitness metaverse company building mobile games to gamify the fitness industry, which spun off from the company in August 2020.

On 15 August 2018, Animoca Brands raised a $1 million investment from Sun Hung Kai & Co. and $0.5 million from strategic partner Lympo. On 18 December 2018, Animoca Brands announced that it had completed a $547,000 placement to institutional and sophisticated investors, a portion of which would be applied towards funding its investment in artificial intelligence accelerator Zeroth.ai.

In May 2019, Animoca Brands raised $2.5 million to fund the development of a blockchain version of the 2012 video game The Sandbox. In this new version, players can build and monetize content within the game using SAND, the platform's cryptocurrency. In March 2019, Animoca Brands raised another $2.01 million in cash and cryptocurrency for The Sandbox from investors that included Square Enix and others.

On 9 March 2020, Animoca Brands delisted from the Australian Securities Exchange.

See all
User Avatar
No comments yet.