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Nifty news: Polyient marketplace, Ronaldinho drop, and a ‘staggering’ $4800 NFT sale …

Coin Telegraph
<div>Nifty news: Polyient marketplace, Ronaldinho drop, and a 'staggering' 00 NFT sale ...</div>
Animoca Brands

Polyient is launching an NFT marketplace with DeFi features, Ronaldinho has entered the NFT market and Vitalik Buterin has digitally signed an NFT for very little money.

Investment firm and development studio Polyient has unveiled an NFT marketplace with decentralized finance (DeFi) functionality.

The marketplace dubbed “PolyientX” is set for a beta release in August on Ethereum, with an official launch targeted for sometime in the Fall. The initial launch will feature NFTs from Ape In, a DeFi-enabled NFT collectibles game, and Rate Network, a decentralized NFT pricing, and rating protocol.

According to Polyient, users can stake their NFTs in a vault to earn rewards, describing it as “a unique fee share mechanism where users, not corporate stakeholders, are the beneficiaries of transaction activity on the platform.”

There’s also a new token launch method dubbed the “Initial Vault Sale” (IVS), which enables projects to leverage their supporters’ NFT assets “to mint and distribute utility and governance tokens, reward marketplace participation and build sustainable economies.”

Blockchain-based Ronaldinho

Global soccer icon Ronaldinho is launching a new NFT collection in collaboration with creative studio INFLUXO.

The former Paris Saint-Germain, F.C Barcelona and AC Milan star joins a long list of star athletes to enter the NFT sector such as boxer Tyson Fury, NFL players Rob Gronkowski and Patrick Mahomes, and skateboarding icon Tony Hawk.

The NFTs are being sold in two different drops, the first drop features seven unique “masterpiece” NFTs that depict vivid paintings of key moments in Ronaldinho’s career.

The auctions will take minimum increment bids of $10,000, and the NFTs come with a private meetup and dinner with Ronaldinho in Dubai, a roundtrip ticket to get you there and a two-day stay at a five-star hotel. It is unclear if Ronaldinho will be cooking up a storm, or if the dinner will be at a restaurant.

The second drop of “sports legend card NFTs” includes a set of six collector cards which users can purchase for an unspecified price. They will be airdropped an additional card NFT that accompanies the series, and if they collect all six NFTs plus the airdropped token, they will be entered into a sweepstake for a chance to win the “Dubai experience” from the masterpiece NFTs.

The sale is being hosted on INFLUXO and the NFT drop date reads “coming soon.”

Animoca Brands acquires blowfish

Top NFT game and property developer Animoca Brands (F1 Delta Time, The Sandbox) has acquired Blowfish Studios, an indie game developer for around $6.6 million. The acquisition also includes payments of around $19.2 million on conditional employment and performance targets.

Animoca made the announcement on July 29, and noted that it will be working closely with Blowfish to “align efforts relating to blockchain integration, fungible tokens, non-fungible tokens (NFTs), play-to-earn capabilities, synergy opportunities, and product launches.”

Blowfish is a Sydney-based firm founded in 2010 by Benjamin Lee, a veteran of the computer software and 3D graphics industry, and Aaron Grove, an award-winning visual effects supervisor.

The firm has published several multi-platform games such as “Qbism, Siegecraft, Morphite, Projection: First Light, and Storm Boy.”

“Animoca Brands is incredibly thrilled to welcome Blowfish, a team that significantly expands our capacity in the cross-platform games space and that has a strong interest in and understanding of blockchain,” said Yat Siu, the co-founder and chairman of Animoca Brands.

Vitalik signs up for Mark Cuban-backed NFT platform

NFT platform “AlchemyNFT” announced a $6 million funding round on July 29. It was backed by Crypto.com Capital, Framework Ventures, Mechanism and billionaire entrepreneur (and DeFi rug-pull victim) Mark Cuban.

The funds will go towards a new project dubbed “AutographNFT” that enables the signing of unique digital assets such as NFTs with social network IDs. According to the firm Ethereum’s Vitalik Buterin was one of the first to digitally sign his autograph at the project's beta launch.

The Alchemist NFT: autographnft.io

The AutographNFT platform enables NFT creators to seek out popular “Twitter-verified” figures and offer them money to autograph an NFT. The platform gives the signer the option to donate all or some of their “signing” proceeds to a charity such as “Save the Kids.”

According to the listing of “The Alchemist” NFT, Buterin was paid 0.1 ETH, worth around $243, to sign the NFT.

Related: NFT-based game Splinterlands raises $3.6M via private token sale

Publicist claims NFT sale of $4800 is a 'staggering' sum

Public relations media releases are often full of hyperbolic jargon and puffery that paints an all too pretty picture.

But we had to laugh at a July 28 PR announcement from Kinahan’s Whiskey Co. in which the sale of an NFT for $4800 was described as a “staggering” amount of money.

“The Kinahan’s branded 3D Formula Racing Car sold to an NFT collector for a staggering $4800 following Lewis Hamilton’s thrilling win at the British Grand Prix,” the announcement breathlessly said.

While this may be exciting news for the Irish Whiskey firm, they may not realize that NFTs of questionable value have sold for much higher prices. Cointelegraph reported in February that Lindsay Lohan sold an NFT for an even more earth-shattering $15,000 on Rarible. And there were rumors some guy called Beeple or Bongo or something flogged an NFT for $69 million.

“This NFT is the first of its kind in the whiskey industry. Notice that precious word, ‘first’. There are many models of a McLaren, but if you own the first one, you own a piece of history,” the announcement read.

Roundup

Cointelegraph reported on July 28 that multinational beverage giant Coca-Cola is entering the NFT market.

The firm will hold a three-day auction on OpenSea for NFTs depicting the famous beverage, and the proceeds will be used to raise money for Special Olympics International.

Earlier this week, tokenized cats once again caused chaos on the Ethereum network after a nonfungible token (NFT) project dubbed “Stoner Cats” created by actress Mila Kunis sold out in 35 minutes.

The project’s first drop had a total of 10,420 NFTs, and activity on Ethereum sent gas prices as high as 709 Gwei ($33.67) for a rapid transaction.

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Bitcoin corporate treasury shareholder proposal submitted to Meta

Bitcoin corporate treasury shareholder proposal submitted to Meta

Nifty News: Tyson Fury’s NFT nets almost $1M, bad trip from Sushi, wine gets nifty …

Coin Telegraph
Nifty News: Tyson Fury’s NFT nets almost M, bad trip from Sushi, wine gets nifty ...
Animoca Brands

Sushi dropped LSD-themed NFTs to celebrate the launch of its trident AMM, while the ‘Gypsy King’ Tyson Fury has sold a single NFT for almost $1 million.

Tyson Fury’s first venture into the NFT market resulted in a single NFT selling for almost $1 million on HoDooi.com — a new platform aiming to become the 'eBay of NFTs'.

The auction for ‘Lineal by Tyson Fury’ closed on July 16, and represents one of the top athlete-themed sales in the market to date. The NFT depicts a tokenized illustration of Fury with two championship belts over each shoulder and a crown featuring his nickname “Gypsy King” on the front.

The NFT includes real-world bonuses such as a signed five-by-five foot painting of the artwork, signed boxing gloves, and video from Fury congratulating the winning bidder.

‘Lineal by Tyson Fury’ NFT: HoDooi.com

The NFT sale on HoDooi was also accompanied by a collection of five open edition NFTs of varying numbers of copies, that are priced between 250 USDT and 1000 USDT and are still on sale.

“It was great working with the HoDooi team and I’m happy we are all a part of history with one of the highest bids on a single sporting NFT!” Fury said.

Tokenized fine wine

WiV Technology, a blockchain trading platform for “unique assets” has partnered with the Georgian government to tokenize some of the country's finest vintages and whiskeys as NFTs. The platform enables producers and collectors to buy, sell and borrow money against their holdings.

Unique Asset NFTs: WiV

The idea is to provide transparency, reduced costs, and efficiency to buying and selling of assets such as wine. Georgia-based wine companies will also be able to certify authenticity of product lines with the use of NFTs.

“Each wine asset is allocated a corresponding digital token that securely collects and stores information about the wine’s provenance and transaction history,” WiV’s website reads.

WiV also plans to develop a quality assurance program hosted by a panel of expert judges to enhance the credibility of Georgia’s wine ranges.

“Economics is changing. Physical assets can now be turned into digital representations of the physical assets so that they can be traded more quickly and efficiently,” said Salome Zourabichvili, the President of Georgia.

LSD-themed NFTs

On July 20, Sushi announced the launch of a new automated market maker (AMM) dubbed “Trident” and dropped an LSD-themed NFT to celebrate the launch.

The NFT is dubbed “Bad Trip” and depicts a silver trident perched on top of an eyeball sitting amongst the desert, with a background of human-like statues — essentially something you might see on a bad LSD trip.

Tokenized and fractionalized versions of the artwork are up for sale on Miso Sushi, with 20 full copies being made available. As it stands, the current price of one Bad Trip NFT is 269 SUSHI.

New NFT accelerator: Launchpad Luna

Top NFT game and property developer Animoca Brands has partnered with venture accelerator Brinc to launch a new program to help NFT-based startups dubbed “Launchpad Luna.”

The pair made the announcement on July 20, and noted the program “will identify and foster NFT innovation in the fields of culture, art, entertainment, media, gaming, streaming, collectibles, insurance, finance and data management.”

Early-stage projects seen as having a “high potential” will receive an investment of up to $500,000 alongside a mentorship program.

Related: OpenSea is the latest crypto unicorn after $100M funding round

Roundup

Cointelegraph reported on July 21 that blockchain gaming platform Enjin is planning to use NFTs to promote sustainability and equality as part of the United Nations Global Compact.

The company has suggested methods such as using NFT tech to combat climate change by employing it in carbon-capture companies and reducing the global wealth gap by allowing creators worldwide permissionless access to NFT markets.

A new socially focused NFT platform dubbed “Define” has raised $5 million in strategic investments as part of a move to onboard more companies into the NFT sector. As part of the platform, users are given NFT-based social profiles that reflect their contributions to the network and achievements.

The $5 million raise was led by Huobi Ventures, eSports entertainment company Abyss and global game developer PearlAbyss.

Read more
Bitcoin corporate treasury shareholder proposal submitted to Meta

Bitcoin corporate treasury shareholder proposal submitted to Meta

Nifty News: Walking Dead invade Sandbox, mining lease NFTs, CryptoPunk in art gallery

Coin Telegraph
Nifty News: Walking Dead invade Sandbox, mining lease NFTs, CryptoPunk in art gallery
Animoca Brands

CryptoPunk 5293 is set to be displayed in a Miami-based art museum, Australian mining firms are tokenizing mining and exploration leases, and Sandbox secures IP rights to the Walking Dead.

Tokenized Walking Dead

Ethereum-based NFT metaverse “The Sandbox” has partnered with Skybound Entertainment to incorporate a Walking Dead game in the virtual world.

The Walking Dead is famous thanks to the TV show, however the story and characters are based on original comics from Skybound Entertainment.

The Sandbox is owned by NFT game and property developer Animoca brands, with the firm describing it as “part virtual real-estate, part amusement park.” It already has an impressive list of existing partnerships such as The Smurfs, Care Bears, Atari, Deadmau5 and CryptoKitties.

The Walking Dead: The Sandbox metaverse

“The team will give users the possibility to get pieces of virtual real estate close to The Walking Dead’s spot in the metaverse, enabling fans and gamers alike to be as close as ever to their beloved brand,” the July 8 announcement read.

The Walking Dead game will provide users a chance to re-create playable stories and use characters from the series such as Rick Grimes, build in-game assets and buy and sell the assets in the Sandbox marketplace.

The Sandbox metaverse is set for its Alpha public launch in the summer of 2021, and virtual land in the game has been highly sought after. In February, Sandbox generated $2.8 million worth of sales from two NFT land sale events.

Mining lease NFTs from Aussie companies

Three Australian companies have partnered to launch mining and exploration leases stored as NFTs on the BSV blockchain.

End to end tech solution provider, Prime Technology Services will collaborate with Predict Ecology, an environmental and ecological consulting firm, to develop blockchain infrastructure for mining company Progressive Minerals.

The use of NFTs and blockchain tech will enable the firm to enhance its record keeping, by storing accurate and transparent data that is verifiable on the blockchain.

“This has historically been an issue within the sector and the aim of Progressive Minerals is to change the way mining companies operate and provide a level of integrity & transparency of data for all stakeholders not previously realized,” said Progressive Minerals managing director Mathew Hancock.

ICA Miami acquires Crypto Punk NFT

The Institute of Contemporary Art Miami (ICA Miami) has acquired CryptoPunk 5293 which will go on display this summer.

The CryptoPunk NFT depicts a woman with purple lipstick and a mole, and was gifted to the art museum by trustee Eduardo Burillo.

The announcement noted that the museum is committed to “advancing a wide understanding of contemporary art and fostering experimentation.” ICA Miami Artistic Director Alex Gartenfeld said Larva Labs had “revolutionized our understanding of the meaning of art objects and ownership” with the creation of CryptoPunks in 2017.

“In doing so, they helped to launch a ‘cryptoart’ movement that is emblematic of the ways that our digital and physical worlds are merging and becoming inextricably intertwined,” he added.

Related: NFTs make it possible for gamers to have digital property rights

Escape to Mars

A new Mars-themed NFT project dubbed “Mars Escape” is conducting its first NFT sale which concludeon July 26th.

The theme of Mars Escape is centered on “conceptual travel” to the planet, and the platform hopes to get users to think about the planet as a potential avenue for virtual “luxury travel”.

“We envision a world where luxury travel is not limited by geography, and people can access once-in-a-lifetime experiences from the comfort of home,” the website reads.

It teased that using virtual reality “the possibility of a luxury vacation in space suddenly gets a lot more real…”

The Mars Escape NFTs depict space-like bungalows, luxury resorts, Motocross events, and holographic in-room butlers to name a few.

The project hasn’t confirmed if it will expand out to a full fledged meta verse at this stage.

Mars Escape NFTs

Roundup

Despite a cool down in NFTs markets, Cointelegraph reported on July 7 that NFT sales generated $2.5 billion in the first half of this year — a stark contrast to the $13.7 million worth of NFT in sales for the same period of 2020.

A growing trend this year appears to be TV and film content tied to NFTs, and a new NFT marketplace dubbed “Vuele” announced earlier this month that the platform will host the sale of new tokenized feature length film starring Oscar-winner Anthony Hopkins’.

The film is called “Zero Contact” and the first NFT drop is set to be launched in late July or early August.

Read more
Bitcoin corporate treasury shareholder proposal submitted to Meta

Bitcoin corporate treasury shareholder proposal submitted to Meta

Nifty News: Embarrassing mistake in $5.4M NFT of web source code, Animoca raises $50M …

Coin Telegraph
Nifty News: Embarrassing mistake in .4M NFT of web source code, Animoca raises M ...
Animoca Brands

Sotheby’s has made an embarrassing mistake in its $5.4 million NFT auction, Animoca brands has raised $138.88 in funding, and data shows limited collector numbers on SuperRare.

Eagle eyed denizens of Crypto Twitter have spotted a mistake in the NFT of the web’s source code famously auctioned at Sotheby’s this week.

The auction of “This Changed Everything” on June 30 with a $5.4 million sale and was offered by its inventor, Sir Tim Berners-Lee.

The NFT dubbed consists of four elements: the original source code, an animated visualization of the code, a letter written by Sir Tim reflecting on his creation, and a digital poster of the full code.

Despite the sale having a direct connection to Sir Tim, whoever it was that converted the original text file to HTML coding language made a mistake, with DeFi and NFT focused venture investor “Beanie” noting on Twitter that:

Mark O'Neil, a website creator, discussed the mistake with the BBC, and noted in his view it looked like "whoever made the video for the website ran the original text file through something that converted it into HTML."

Some have argued it may actually add value to the NFT, similar to a misprint error on collectibles such as sports cards and stamps.

Decentralized Autonomous Organization (DAO) “Pleasr” who intended to purchase the piece but decided to pull out from the auction, noted that “we don’t feel this diminishes the piece in anyway, in fact, it might be a bullish smudge.”

Pleasr also highlighted that the mistake could be fixed as the metadata appears to still be updatable, and said Sotheby’s indicated that they would work with buyers to remedy the mistake.

An NFT depicting the mistake is currently up for auction at Art Haus, with a current bid just over $1100.

Animoca Brands is not playing games

NFT game and property developer Animoca Brands has closed the second trance of its $139 million capital raise, based on a “pre-money valuation of US$1 billion.”

Animoca secured $89 million back in May during the first tranche, and has now pulled in a further $50 million in the second tranche.

The second tranche included backing from a long list of investors such as Coinbase Ventures, Blue Pool Capital, Gobi Partners, Korea Investment Partners, Liberty City Ventures, Samsung Venture Investment.

The firm made the announcement yesterday, and noted the funds would be put towards “strategic investments and acquisitions, product development, and licenses for popular intellectual properties.”

Animoca has released notable titles in the past such as The Sandbox, F1 Delta Time, and MotoGP Ignition, while also backing top firms in the NFT space such as Dapper Labs, Open Sea, and Axie Infinity.

In May, the firm also partnered with DLT network Hedera Hashgraph to develop two DLT-based gaming projects, including a gaming platform dubbed “Helix Warp” and an NFT-based soccer game.

“To commemorate the achievement of its unicorn valuation, Animoca Brands will issue NFTs to its investors and key partners,” the announcement stated.

Limited active NFT collectors on SuperRare

According to data from Dune Analytics, active monthly collectors, or people who purchased multiple NFTs on the SuperRare platform number only in the hundreds.

At the peak of the NFT bull run in March, there were just 929 active monthly collectors on SuperRare, a month in which total primary revenue hit more than $3.3 million on the platform.

The number has also declined steadily as hype and prices surrounding NFTs have started to fall over the past few months. In April there were 503 active collectors, 264 in May, and a mere 196 in June. However, given the interest and potential in the space, some see this as very bullish news:

RELATED: Enjin's EFI token sale nets $20 million as NFT aspirations grow

NFT event in Tokyo

CrypTokyo is currently underway in Japan, curated by the Blockchain Art Exchange (BAE) NFT marketplace, with support from the world's largest NFT investment fund Metapurse, and the GrowYourBase NFT community.

CrypTokyo event poster

The event dubbed “Japan’s first physical blockchain art exhibition” will run for three weeks and visitors to the event can view and purchase NFTs, watch talks from prominent Japanese artists, and learn about how to build their own NFT portfolios.

The event also includes an NFT gallery showcasing artwork from Beeple, +DA.YO.NE., Yasumasa Yonehara, Tetsuzo Okubo, Ichi Hatano, Maxim (Peodigy), Robness Cyberpop, Botchy-Botchy.

CrypTokyo is being hosted in UltraSuperNew Gallery in Shibuya and is set to finish on July 22.

Roundup

The Mintable nonfungible token (NFT) minting platform has closed a Series A funding round which included backing from big-name players such as Ripple, Animoca Brands, and Metapurse.

Ripple also made an announcement revealing that Mintable plans to integrate the firm’s own blockchain, XRP Ledger (XRPL), which it claims to be carbon neutral.

Cointelegraph also reported that the Republic of San Marino has approved Vechain’s eNFT based vaccination passports.

San Marino Digital Covid Certificate contains a record of past infections, negative test results, and also provides a digital vaccination certificate, utilizing Vechain’s public blockchain.

Read more
Bitcoin corporate treasury shareholder proposal submitted to Meta

Bitcoin corporate treasury shareholder proposal submitted to Meta

NFT Marketplace Backed by Mark Cuban Raises $13 Million in Series A

Bitcoin.com
NFT Marketplace Backed by Mark Cuban Raises Million in Series A
Animoca Brands
NFT Marketplace Backed by Mark Cuban Raises Million in Series AThe Mark Cuban-backed non-fungible token (NFT) marketplace Mintable has raised $13 million in a Series A funding round, according to an announcement on Thursday. The Singapore-headquartered Mintable, plans to use the funds to expand its offerings, as the application already features 700,000 NFTs minted on the Mintable platform. NFT Marketplace Mintable Raises $13 Million On […]
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Bitcoin corporate treasury shareholder proposal submitted to Meta

Bitcoin corporate treasury shareholder proposal submitted to Meta

Nifty News: GameStop’s NFT market, NBA star LaMelo ‘mints career’ on NFTs … and more

Coin Telegraph
Nifty News: GameStop’s NFT market, NBA star LaMelo ‘mints career’ on NFTs ... and more
Animoca Brands

Gamestop may be working on its own NFT marketplace, while Rookie of the Year candidate LaMelo Ball is set to drop 500 Dynamic NFTs.

It appears that “r/wallstreetbets” favorite meme stock company GameStop is in the process of developing its own NFT marketplace.

While an official announcement hasn’t been made, the gaming giant appears to have launched a website named “nft.gamestop” — and is currently on the lookout for recruits:

“We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders. If you want to join our team, send your profile or something you've built to: nfteam@gamestop.com.”

Information on the bare bones website is sparse. Apart from the job listing, there is a Nintendo Game-Boy-like gaming console with a GameStop cartridge placed at the top. The console’s screen has green text which reads “power to the players, power to the creators, power to the collectors.” The website budget looks like it was under $20.

Interestingly, there is a link under the console to an Ethereum address. Upon searching the address on Etherscan, it looks like the firm will be utilizing Ethereum's ERC721 standard, with an overview showing a “GME token” although there are zero in circulation so far.

In the comment section on Etherscan, some “r/wsb” members have already flocked to show support, with several people commenting with “I like the stonk,” — a popular meme within the community.

LaMelo having a tokenized ball

Charlotte Hornets star LaMelo Ball is set to drop a collection of 500 Dynamic NFTs — non-static and updatable NFTs — before the NBA Rookie of the Year announcement in June. The collection will be dropped on lameloball.io.

"As I learn more about blockchain, I realize this is the most powerful and unique way to engage my fans in a way that's special to them individually," Ball told ESPN on May 28.

Ball is one of three rookie of the year candidates and is dropping 500 “Dynamic NFTs” that will automatically update to include the award (if he wins it).

Unlike static NFTs which can’t change, Dynamic NFTs can be updated with new data as they rely on “perpetual smart contracts that use oracles to communicate with and react to external data and systems” according to Chainlink Labs.

Dynamic NFT Framework, Chainlink Labs

Utilizing Dynamic NFTs, Ball plans to update or “level up” the NFTs according to events from his NBA career. The 20-year-old also plans to offer lotteries that will allow collectors of the NFTs to “burn” them in exchange for that chance to win game worn-memorabilia.

"LaMelo will become the first athlete to mint his career on the blockchain," Sher Chaudhary told ESPN, The co-founder of Playground, the Southern California-based NFT design studio working with Ball.

According to ESPN, along with the 500 Dynamic NFTs, the rookie of the year candidate has plans to release a further 9,500 standard NFT’s on the Ethereum Blockchain.

NFTs are Gucci

Christie's art auction house has announced the launch of a new NFT auction dubbed "Proof of Sovereignty” — which includes a tokenized fashion film from Gucci.

The auction is already underway and due to close on June 3 and is being curated by the co-founder of art and crypto media advisory firm Universe Contemporary, “Lady PheOnix.”

The auction will consist of artworks from 19 different artists and includes fashion giant Gucci’s first-ever NFT — a tokenized fashion film co-directed by Alessandro Michele and by renowned photographer and director Floria Sigismondi.

The film explores the themes of “universal desire for renewal; a yearning to bloom and flourish after the shadow of winter has passed,” and has a starting bid of $20,000.

All of the proceeds from Gucci’s NFT sale will be donated to UNICEF USA, which supports UNICEF’s role in COVAX — “an initiative aimed at ensuring global equitable access to COVID-19 vaccines.”

Animoca Brands and Hedera

NFT game developer Animoca Brands has entered into a partnership with a public distributed ledger or DLT, network Hedera Hashgraph to develop two DLT-based gaming projects.

Hedera Hashgraph revealed the first project is an NFT based soccer game, that will feature tradable tokenized player NFTs which are backed by Hedera’s native token HBAR.

The NFTs will be redeemable for HBAR after an unrevealed “cooldown period,” with the firm claiming that this will represent the “first time that an NFT will be redeemable for a fixed and guaranteed amount of an underlying crypto asset.”

The second project dubbed “Helix Warp” will be an independent DLT-based online gaming platform focused on taking down cheaters.

Coming soon - Helix Warp

“Helix Warp will counteract cheating by creating a server-side simulation environment and leveraging the Hedera Consensus Service to record results. Game developers will be able to plug into Helix Warp and deploy hack-resistant leaderboards in their games.”

“Helix Warp will target HTML5 games, to begin with and utilize the Helix Warp token to underpin the ecosystem,” the blog post added.

Read more
Bitcoin corporate treasury shareholder proposal submitted to Meta

Bitcoin corporate treasury shareholder proposal submitted to Meta

NFT game developer Animoca Brands completes capital raise at $1B valuation

Coin Telegraph
NFT game developer Animoca Brands completes capital raise at B valuation
Animoca Brands

NFT game developer Animoca Brands is claiming the status of crypto’s latest unicorn after raising almost $89 million at a $1-billion valuation.

NFT-focussed game developer Animoca Brands has announced the completion of an $88,888,888 capital raise based on a valuation of $1 billion.

The raise was announced on Thursday, with participants including Kingsway Capital, HashKey Fintech Investment Fund, RIT Capital Partners and Huobi. Up to 93.4 million newly issued shares in Animoca Brands will be distributed to the investors at a subscription price of $0.85 each.

Animoca Brands co-founder and chairman Yat Siu noted that its strategic investors share the company’s “vision for NFTs redefining equity and property rights online.” Kingsway founder and CEO Manuel Stotz added:

“The emergence of digital property rights, whether via Bitcoin or NFTs, is perhaps the greatest opportunity for financial inclusion for the bottom three billion frontier and emerging market consumers, as well as an opportunity for a more decentralized and thus more equitable global internet.”

To commemorate the raise, Animoca will issue a special nonfungible token to its investors and key partners.

The company says that funding will be used for product development, acquisitions and securing licensing rights for its games. Animoca has released notable titles including The Sandbox, F1 Delta Time and MotoGP Ignition, and has invested in leading teams in the NFT space including Dapper Labs, OpenSea and Axie Infinity.

Last month, Animoca was ranked among Statista’s list of the top 500 high-growth companies in the Asia-Pacific region for 2021 in addition to being named one of Australia’s fastest-growing companies.

In February, Animoca announced that its entire REVV motorsports ecosystem would be deployed on Polygon’s layer-two sidechain to alleviate the high gas fees associated with using Ethereum’s mainnet, beginning with F1 Delta Time.

In December, an NFT representing 5% of the Monaco track in F1 Delta Time was auctioned for $222,000. The winning bidder will be able to earn dividends from races held on the track.

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Bitcoin corporate treasury shareholder proposal submitted to Meta

Bitcoin corporate treasury shareholder proposal submitted to Meta

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