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$100 million investment from Temasek in Metaverse giant Animoca

Singapore state company Temasek, which has $300 billion under management, has invested $100 million in Animoca Brands, known for its metaverse investments through convertible bonds.

Game developer company Animoca Brands, whose Japanese branch recently received an investment of 22.5 million dollars from Mitsubishi UFJ (MUFG), the world’s second largest banking and financial institution, this time received a huge investment from Temasek, which is owned by the Singapore state.

According to the news of Bloomberg from the US media, citing unnamed sources, Temasek will finance this large investment with convertible bonds. Animoca and Temasek companies have not yet made a statement on the subject.

Hundreds of millions of dollars poured in from the world’s biggest

$100 million investment from Temasek in Metaverse giant Animoca
$100 million investment from Temasek in Metaverse giant Animoca

Animoca Brands has raised $359 million from investors, including George Soros and the Winklevoss twins, owners of the Gemini stock exchange, in the investment round it launched in January this winter. In the same investment round, the company had raised $75 million in the summer. Animoca, which reached a valuation of $ 6 billion after these investments, has evolved from a small mobile game developer company to the largest blockchain focused investor in Asia.

Known for its investments in Metaverse, Animoca is also the largest shareholder of Sandbox.

Yat Siu, one of the co-founders of Animoca, said in an interview with Bloomberg recently that they are evaluating the declines in the crypto money markets and evaluating this environment to make more purchases.

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