Nonfungible token (NFT)-game and virtual property developer Animoca Brands has doubled its valuation to $two.2 billion after closing a new funding round that fetched $65 million.

The latest funding round was conducted at a pre-money valuation of $2.two billion, and included backing from gaming giants Ubisoft Entertainment along with Freedom City Ventures, Sequoia China, Dragonfly Capital to name a few.

Information technology's more vindication for a visitor that was kicked off the Australian Securities Exchange (ASX) in March 2022, in part for its involvement in cryptocurrencies.

According to the Wednesday announcement from the business firm, more than 43.8 million newly issued shares will be distributed to investors at a price of AUD $2 per share, or USD $1.51.

Animoca has now raised a total of $203.88 million in 2022, with the business firm becoming a crypto unicorn in June when information technology raised $138.88 million as part of two tranches of a capital enhance at a valuation of $1 billion.

The brand-focused metaverse and interactive content company said the latest funding volition go towards funding "strategic investments and acquisitions, production evolution, and licenses for pop intellectual properties."

Animoca co-founder Yat Siu outlined the company'due south vision around digital buying and NFTs moving forward:

"In 2022, we laid out a strategy based on our assessment that in the future digital property rights would revolutionize industries by expanding financial inclusion and that this pregnant change would start with NFT adoption in games. That future is already here."

"With the bankroll of our new strategic investors, Animoca Brands will continue to accelerate blockchain in gaming — and beyond — to innovate billions of gamers and Internet users to true digital ownership," he added.

Related: NFT gaming proffer in question equally regulators and traditional gaming pullback

This is another sign of large money pouring into NFT gaming and virtual property-focused firms.

On Tuesday, Galaxy Interactive, a venture capital firm focused on side by side-generation interactive engineering science, announced that it had raised $325 1000000 from seventy different investors for its 2nd fund focused on virtual and augmented reality, artificial intelligence and NFT gaming.