The Hong Kong-based blockchain gaming company, AnimocaBrands, has successfully raised $20 million by issuing new ordinary shares at a price of A$4.50 per share. In an exciting development within this funding round, the company has also granted investors free-attaching utility token warrants on a one-to-one basis. The raised capital will be allocated towards advancing Animoca Brands’ gaming and blockchain initiatives, notably its non-fungible token (NFT) platform, enabling players to own unique in-game assets. AnimocaBrands boasts a history of collaborations with some of the world’s most renowned brands, including Formula 1, Sesame Street, and Garfield.

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