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Cryptoknowmics 2022-08-30 14:40:58

Temasek to Lead $100 Million Investment in Crypto Landlord Animoca

Even after a $2 trillion market collapse, Singapore’s state investor Temasek Holdings Pte. is investing $100 million in Animoca Brands Corp., placing its money in one of the industry’s most successful investment firms. According to the people who spoke on a confidential basis because they were discussing personal matters, Temasek would manage the financing via convertible bonds. Animoca initially revealed the funding round in January, when the Hong Kong business secured $359 million from investors like George Soros and the Winklevoss twins. They said that this investment round is in addition to that first round. Animoca raised an additional $75 million in the same funding round earlier this summer, valuing the company at $6 billion. Temasek has stated that it prefers to support service providers in the area over making direct investments in cryptocurrencies. The representatives for Animoca and Temasek refused to comment. Animoca – Asia’s Leading Blockchain Investor In 5 years, Animoca has transformed from a small mobile game publisher to Asia’s leading blockchain investor by building a portfolio of over 340 financial, gaming, and social media companies. Building virtual worlds on the blockchain would enable co-founder Yat Siu to challenge the supremacy of big tech companies. According to Siu, Animoca is looking to purchase stakes in market players and digital tokens by taking advantage of the current slowdown in the cryptocurr...

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