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Animoca Brands raises $88M to allow in-game item ownership with NFTs

Animoca Brands raises $88M to allow in-game item ownership with NFTs – SiliconANGLE

Hong Kong-based Animoca Brands, a company that seeks to deliver digital property rights to gamers via nonfungible tokens, today announced it raised $88 million in capital on a valuation of $1 billion. The company has brought together a number of NFT-based and distributed ledger blockchain game companies, including The Sandbox, Quidd, Gamee, nWay, Pixowl and Lympo, as subsidiaries.