75M Archives

Animoca Brands raises $75M to advance ‘open metaverse’ concept

July 12, 2022 boss

Blockchain gaming and venture studio Animoca Brands has closed another strategic funding round, giving the company additional resources to expand its acquisition targets in the metaverse sector. The company announced Tuesday that it has closed a $75.32 million funding round at a pre-money valuation of $5.9 billion backed by Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 19T, SG Spring Limited Partnership Fund and others. The raise represents the “second tranche” of funding following a $358.8 million raise in January that was supported by venture giants Sequoia China, Winklevoss Capital,…

Animoca Brands Raises Further $75M, Nudging Valuation to $5.9B

July 12, 2022

CryptoX – Cryptocurrency Analysis and News Portal Non-fungible token (NFT) and metaverse investor Animoca Brands has raised a further $75 million, pushing the firm’s value to $5.9 billion. Original Source The post Animoca Brands Raises Further $75M, Nudging Valuation to $5.9B appeared first on CryptoX. CryptoX Portal

Animoca Brands Raises Additional $75M, Nudging Valuation to $5.9B

July 12, 2022

Non-fungible token (NFT) and metaverse investor Animoca Brands has raised a further $75 million, pushing the firm’s value to $5.9 billion. Source

Dragonfly Capital Leads $7.5M Round for Quadrata’s Identity Passport

July 12, 2022

Crypto investment firm Dragonfly had around $3 billion in assets under management as of April when it raised $650 million for its third fund. Other investors in the round included Franklin Templeton, Abra, GSR Ventures, Orange DAO, Fellows Fund, GreatPoint Ventures, August Capital and a number of angel investors. Source

ICO fines facial recognition database company Clearview AI Inc more than £7.5m and orders UK data to be deleted

May 23, 2022

The Information Commissioner’s Office (ICO) has fined Clearview AI Inc £7,552,800 for using images of people in the UK, and elsewhere, that were collected from the web and social media to create a global online database that could be used for facial recognition. The ICO has also issued an enforcement notice, ordering the company to stop obtaining and using the personal data of UK residents that is publicly available on the internet, and to delete the data of UK residents from its systems. The ICO enforcement action comes after a…

Coinbase Co-Founder Fred Ehrsam Buys the Dip, Purchases $75M of Company Stock

May 20, 2022

Last week’s purchases came with Coinbase shares tumbling more than 70% in 2022, and off more than 80% from the all-time high hit shortly after the company’s IPO 13 months ago. Ehrsam and related entities previously had been consistent sellers of Coinbase stock since that April 2021 IPO, unloading several hundred million dollars worth. Source

Nyan Heroes Raises $7.5M to Develop Play-to-Earn Game

May 9, 2022

Nyan Heroes raised $7.5 million to develop its play-to-earn game bringing its valuation to $100 million. Source

OurSong Raises $7.5M in Seed Funding to Help Artists Build a Community Through NFTs

April 28, 2022

The blockchain-based platform is a subsidiary of Our Happy Company, which was co-founded by performer Johnny Legend and KKBOX CEO Chris Lin. Source

Luno Spins Out Investment Arm to Pump $15M to $75M a Year Into Crypto Companies

March 16, 2022

“The reason we didn’t go with a fund structure is because we don’t need any external funding to be able to build this business, both from a capital and management fee perspective,” said Cheng. “It also allows us to finance investments with evergreen capital which we believe is more valuable to founders building companies in the fintech space.” Source

Hedge Fund Giant Alan Howard Backs $7.5M Round for ‘Financial NFTs’ Project

March 2, 2022

Nested’s social trading platform allows investors to earn royalties on their crypto portfolios by representing them as NFTs. Source