On 15 November 2011, mobile games developer Animoca raised an undisclosed amount of funding in a
Series A round led by
Intel Capital and
IDG-Accel (which tapped its China Growth Fund III). In 2014 Animoca Brands was spun out from Animoca, and the new entity listed on the
Australian Securities Exchange in January 2015. From January to March 2018, Animoca Brands started rolling out Crazy Kings and its sequel, Crazy Defense Heroes generating US$2.8 million in revenue in the first three months worldwide. In March 2018, Animoca Brands launched OliveX, a fitness metaverse company building mobile games to gamify the fitness industry, which spun off from the company in August 2020. On 15 August 2018, Animoca Brands raised a $1 million investment from
Sun Hung Kai & Co. and $0.5 million from strategic partner Lympo. On 18 December 2018, Animoca Brands announced that it had completed a $547,000 placement to institutional and sophisticated investors, a portion of which would be applied towards funding its investment in artificial intelligence accelerator Zeroth.ai. In May 2019, Animoca Brands raised $2.5 million to fund the development of a blockchain version of the 2012 video game
The Sandbox. In this new version, players can build and monetize content within the game using SAND, the platform's cryptocurrency. In March 2019, Animoca Brands raised another $2.01 million in cash and cryptocurrency for
The Sandbox from investors that included
Square Enix and others. On 9 March 2020, Animoca Brands delisted from the
Australian Securities Exchange. followed in July 2021 by the second tranche of $50 million, both of which were based on valuation of US$1 billion. In October 2021 Animoca Brands raised $65 million at a valuation of $2.2 billion from
Ubisoft,
Sequoia Capital and others. In November 2021,
SoftBank led a $93 million investment in Animoca Brands' The Sandbox. In December 2021,
Binance and Animoca Brands launched a $200 million investment program to offer funding for blockchain games. On 15 March 2022, Animoca Brands announced it would shut down the
F1 Delta Time game the next day. The game had previously been lucrative, holding the record for the most expensive
NFT of 2019 and with some transactions exceeding $300,000. Sales within the game had flat-lined for the two years preceding the game's closure. The company announced plans to replace the game's non-functional NFTs with equivalent tokens for
REVV Racing, a separate game which doesn't have Formula 1 branding. On 21 June 2022, Animoca Brands Corporation Limited was convicted on charges of failing to lodge annual and half-yearly financial reports with the Australian Securities and Investments Commission. In July 2022, Animoca Brands hit $5.9 billion valuation. In August 2022,
Temasek with
GGV Capital led a $110 million funding round for Animoca Brands at a $6 billion valuation to make it “pre-IPO ready”. In May 2025, Animoca Brands announced his plans to list in New York. In November 2025 they announced that they plan to go public on the
Nasdaq stock exchange through a
reverse merger with Currenc Group Inc.. After the transaction, which is expected to close in 2026, Animoca shareholders will own about 95% of the new entity's issued shares. Those investors include Kingsway Capital, 50T Funds and
SoftBank. On November 28 they began a
fundraiser on behalf of the
Hong Kong Red Cross to assist victims of the
Wang Fuk Court fire, setting up two dedicated
crypto wallets for donations from the global crypto community. In Dezember 2025, Animoca Brands announced a strategic partnership with GROW Investment Group to offer both crypto and traditional finance investment products to family offices and ultra-high-net-worth individuals. In February 2026, Animoca Brands received a Virtual Asset Service Provider (VASP) licence from the
Dubai Emirate's regulatory authority for the digital asset industry. This licence allows companies to start operating in Dubai and offer
broker-dealer services as well as digital asset management and investment services. == Notable properties ==