Proactive Investors - Run By Investors For Investors

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.”

 
View full AB1 profile View Profile

Animoca Brands Corporation Ltd Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use