ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Hong Kong metaverse startup Animoca raises $110m amid crypto winter

Singapore's Temasek among new investors in company behind The Sandbox game

Animoca Brands' more than 340 subsidiaries include Grease Monkey Games, Quidd and The Sandbox. (Source photos by courtesy of Animoca Brands)

HONG KONG -- Blockchain gaming group Animoca Brands has raised $110 million in its latest funding round led by Singapore's Temasek and South Korea's Mirae Asset Management, the Hong Kong-based startup said on Thursday.

Animoca is best known for The Sandbox, a game that allows users to buy plots of digital land and decorate them using non-fungible tokens, a type of digital asset traded on the blockchain. Its latest fundraising comes on the heels of a global plunge in cryptocurrency valuations that has broadly cooled investor sentiment toward the sector.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more