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As the blockchain and virtual asset space continues to grow with the rise of cutting-edge applications, large companies and institutional investors are tapping into the space

The post Huobi Trust Hong Kong Provides Safe, Secure Custody Services As Digital Asset Landscape Evolves appeared first on The Block.

Brave’s former chief scientist Ben Livshits has joined high-throughput blockchain platform Zilliqa as CEO.

The post Brave chief scientist Ben Livshits joins Zilliqa as CEO appeared first on The Block.

Animoca Brands, a prominent investor in non-fungible tokens (NFTs) and decentralized gaming, has completed a capital raise of $65 million at a $2.2 billion valuation, the company announced Wednesday.

Investors in the round include Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T, Token Bay Capital, Smile Group, Tess Ventures and MSA Capital.

The new capital will be used to fund strategic investments and acquisitions, product development and licenses for popular intellectual property, the company said in a press release.

Animoca Brands completed a $138.88 million raise back in July, and the company’s valuation has now more than doubled since its funding round of $88 million in May, which valued the company at $1 billion.

Read more: Animoca Completes Funding Round, Gets an Extra $50M From Coinbase, Samsung

After hitting home runs on its early investments in companies like Axie Infinity, Dapper Labs and OpenSea, the company’s portfolio now includes more than 100 NFT-related ventures, it said in a press release.

Two recent investments include Genopets, a project that introduces “move-to-earn” to the GameFi lexicon, and reNFT, a company creating lending protocols for NFTs with rentable use cases.

Animoca Chairman Yat Siu sees a bright future for decentralized gaming based on blockchain technology.

“NFTs are really a digital store of culture. And we all engage in culture more than we engage in just money,” Siu told CoinDesk in an interview. “People coming from finance often see crypto in financial terms, but with gaming, we’re coming at it from a cultural perspective.”

Will the future of #gaming be decentralized? What role will #NFTs play in such ecosystems?

I discuss the topic with @ysiu from @animocabrands

Spotify: https://t.co/A8vjvYnRfx

Apple: https://t.co/HZoGHwXJej

Google: https://t.co/Plvo408Jf2

YouTube: https://t.co/iHBeh8RdGM pic.twitter.com/4maTrBYF8K

— Henri Arslanian (@HenriArslanian) October 18, 2021

Pennsylvania-based Stronghold Digital Mining has set the final price at $19 per share for its IPO with trading starting on Wednesday.

The post US Bitcoin mining firm Stronghold raises $127 million in IPO appeared first on The Block.

An NFT from the Bored Ape Yacht Club collection has been sold for $2.7 million, following two recent sales above $1 million.

The post Crowned Bored Ape with trippy fur sells for record $2.7 million appeared first on The Block.