Blockchain gaming firm Animoca Brands achieved a valuation of $ 5,5 billion following the completion of its latest fundraising round which attracted $ 75,3 million from investors including Liberty City Ventures and Kingsway Capital. .
Animoca Brands has invested in over 340 blockchain gaming companies to date, seeking to develop its vision of a Web3-based gaming metaverse. In addition to its growing investment portfolio, Animoca subsidiaries also develop in-house blockchain games, most notably The Sandbox metaverse, the educational app TinyTap, the REVV Motorsport racing franchise, and many more.
Thanks to the development of The Sandbox, Animoca has made fruitful collaborations with major brands and celebrities, such as Adidas, Snoop Dogg, The Walking Dead, Deadmau5, Atari, Rollercoaster Tycoon, Care Bears, The Smurfs and many more.
Blockchain Gaming - Is GameFi Ready to Explode?
The gaming wing of the blockchain space alone, known as GameFi (gaming finance), is expected to reach a global valuation of over $ 2,8 billion over the next six years.
Even in the context of the current bear market, which has so far seen $ 2.000 trillion wiped out by global market capitalization, there has been a steady increase in the number of daily active users and the number of transactions recorded in the GameFi space.
The bear market hasn't even dented the innovation rate present in the blockchain gaming space, as new projects are launched every day.
Tamadoge (TAMA) is an upcoming blockchain game that bridges the gap between beloved digital animal games like Tamagotchi and iconic meme-coins like Dogecoin (DOGE). Players must feed and raise their pets to adulthood, earning rewards in "Dogepoint". Tamadoge aims to bring utility to a meme-coin space that garners a lot of media attention, but has so far failed to offer tangible use cases or practical applications.
Meme-coins have become a household term in the cryptocurrency space in recent years, fueled by the high-profile endorsement of the original meme-coin - Dogecoin - by Tesla CEO Elon Musk.
Tamadoge's TAMA tokens are currently available in a presale that has raised over $ 13 million in just over a month. There Tamadoge presale it is currently in its seventh phase, where 1 USDT equals 40 TAMA. The eighth stage of the presale will see the price of the tokens increase at a rate of 1 USDT for 36,36 TAMA.