The Sandbox developer Animoca Brands sees private valuation surge to US$5 billion amid metaverse, NFT frenzy

Source: China – South China Morning PostHong Kong-based blockchain gaming company Animoca Brands, best known for championing non-fungible tokens (NFTs) in video games, saw its valuation soar to US$5 billion on Tuesday as investors continue to bet on the potential of NFTs and the metaverse.Animoca Brands said on Tuesday it had completed a fundraising for US$358.89 million, giving it a private valuation of US$5 billion. Animoca Brands has garnered increasing interest with its popular, open-world game The Sandbox, and its valuation is…Read More

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