ASX Release7 November 2019 Animoca Brands leads investment round into Sky Mavis, maker of Axie InfinityHighlights:
The Company is acquiring US$420,000 (approx. A$610,000) worth of shares of Sky Mavis in a cash and scrip deal (consisting of US$125,000 in cash and US$295,000 in AB1 shares issued at A$0.18 per share)Animoca Brands leads Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups in an investment round totalling US$1.465m (approx. A$2.13m) into Sky Mavis, the maker of the highly rated blockchain game Axie Infinity.
No Tokens last year when they invested! Maybe the Company picked some up on the presale for cheap?
Greedy thoughts))
Company has signed an Advisory Agreement with Sky Mavis to receive advisory and consultation services in the areas of scarcity models and non-fungible tokens (NFTs)The Company has signed a memorandum of understanding to explore further collaboration with Sky MavisAxie Infinity is among the highest-grossing blockchain games, with sales of over US$1.1m (approximately A$1.6m), and partners that include Samsung, Klaytn (Kakao), MakerDAO, and Loom NetworkAnimoca Brands Corporation Limited (ASX: AB1, “the Company”) is pleased to advise that it has entered, via its wholly-owned subsidiary Animoca Brands Limited, into a subscription agreement (“Subscription Agreement”) with Sky Mavis PTE. LTD (“Sky Mavis”) to acquire US$420,000 (approximately A$610,000) worth of ordinary shares in Sky Mavis for cash and shares in the Company. The Company has also signed an advisory agreement (“Advisory Agreement”) and a collaboration memorandum of understanding with Sky Mavis. Sky Mavis is the maker of the highly rated blockchain game Axie Infinity.Sky Mavis is a blockchain game developer based in Singapore and Vietnam, well-known for its blockchain pet game Axie Infinity. Sky Mavis has raised a total of US$1.465 million (approximately A$2.13 million) from the Company, as lead investor, as well as from Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups. Sky Mavis will use the funds to accelerate the development of Axie Infinity to include more features and to continue pushing the blockchain gaming industry forward.Axie Infinity is a digital collectible pet game built on the Ethereum blockchain. In Axie Infinity, players can battle, raise, evolve, and trade fantasy creatures called Axies, which are visual representations of NFTs owned by the players. Each Axie has its own distinct look and attributes, and cannot be replicated. Axie Infinity launched in early 2018, and it is now one of the highest-grossing blockchain games, with over US$1.1 million (approximately A$1.6 million) in sales of non-fungible tokens (NFTs). Its in-house marketplace has processed over 25,000 transactions with a total value of US$1.8 million (approximately A$2.62 million). Axie Infinity has partnered with Samsung, Klaytn (the blockchain project of Kakao), MakerDAO, and Loom Network.
AB1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
