There are new developments in the blockchain gaming sector. It is reported that the leading Web3 gaming platform Animoca Brands recently announced the completion of a Series E funding round, raising $500 million. Following this round of financing, the company's valuation has also soared to $12 billion.

How will this funding be spent? According to plans, some will be used to acquire AAA game studios to strengthen the content lineup; on the other hand, there will be continued investment in the Asian market, building regional compliant operation centers; at the same time, efforts will be accelerated to develop their own blockchain game engine Mocaverse. It appears to be a comprehensive approach—expanding the game IP library while also laying the market infrastructure. In comparison, this strategy remains quite competitive in the Web3 gaming track.