Blockchain gaming platform startup Animoca Brands Corp. Ltd. said today it has raised $110 million in new funding to support its mission to deliver digital property rights to users, including creating a new asset class — play-to-earn economies — and a more equitable digital framework.

Investors in the round include Boyu Capital, Singapore’s Sovereign Wealth Fund Temasek and GGV Capital. True Global Ventures 4 Plus Fund and TGV 4 Plus Follow On Fund also participated through a $17.2 million convertible note investment.

Including the new funding, Animoca has raised around $800 million to date. The company previously raised $75 million on a $5.9 billion valuation in July from investors including Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway and Cosmic Summit Investments.

Founded in 2011, Animoca specializes in blockchain, gamification and artificial intelligence technologies to advance digital property rights and contribute to the establishment of an open metaverse.

The company’s products span cryptocurrency tokens, original games and branded games in conjunction with other companies. Animoca has previously worked with intellectual properties such as those from The Walt Disney Co., World Wrestling Entertainment Inc., Snoop Dogg, The Walking Dead, Power Rangers, MotoGP and Formula E. Animoca also offers nonfungible tokens that are used in metaverse-related gaming projects.

In delivering blockchain-based services and non-fungible tokens for true digital ownership of users’ virtual assets and data, Animoca enables various opportunities, including asset interoperability and an open framework that delivers equitability for all participants in the open metaverse.

The investment by TGV 4 Plus FoF is the first for the fund, which was created to provide further funding to companies that already have TGV 4 Plus as an investor. TGV 4 Plus FoF completed its first closing in June for $146 million.

“Thanks to the shared network effect of the open metaverse, the funding of late-stage companies like us also provides a boost to early stage growth, so we believe this is a positive development for the entire ecosystem,” Yat Siu, co-founder and executive chairman of Animoca Brands, said in a statement.

Photo: Animoca Brands