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Animoca Brands closes $3.6-million capital raising to fund tokenised blockchain gaming platform

Animoca Brands Corporation Ltd (ASX:AB1) co-founder and chairman Yat Siu updates Proactive Investors on the mobile gaming and tech company’s $3.6-million capital raising to develop a blockchain version of its mobile game franchise The Sandbox.

The blockchain version of the gaming platform will be an early-mover in decentralised, community-driven game platforms, providing users with true ownership of their creations as non-fungible tokens.

“With a blockchain version of a game, you would actually own the items permanently – this is the whole thing about non-fungible tokens,” says Siu.

He continues, “It’s also user-generated – it allows anyone to make their own NFTs which I think is new and a revolutionary concept in the world of gaming.”

Quick facts: Animoca Brands Corporation Ltd

Price: 0.18 AUD

ASX:AB1
Market: ASX
Market Cap: $161.37 m
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Animoca Brands launches Addams Family mobile game and leads investment round...

Animoca Brands Corporation Limited (ASX:AB1) chairman and co-founder Yat Siu updates Proactive on the launch of the official mobile game for Metro Goldwyn Mayer Studios (MGM) film of “The Addams Family”. The chairman also updates the market on entering into a subscription agreement with Sky...

on 14/11/19

2 min read