Animoca Brands has invested strategically in Igloo, Inc., the entity behind the NFT project Pudgy Penguins.
The investment was made through a Simple Agreement for Future Equity (SAFE), with participation from subsidiaries The Sandbox and Animoca Brands Japan.
The investment seeks to enhance collaboration between Abstract and Animoca Brands’ Mocaverse.
Pudgy Penguins is a significant player in NFT intellectual property, integrating Web3 concepts with physical products.
Recent Animoca Brands developments: Timeline
04 Jun 2024: Animoca Brands, EVG to beef up each other’s projects via tie-up
- Animoca and EVG partner to boost Web3 projects
- Both firms will fund each other’s key initiatives
26 Apr 2024: Animoca Brands holds $291m in assets amid rocky 2023 for crypto
- Animoca Brands cash up to $291M from $194M
- Holds $558M in digital assets, boosts through investments
14 Mar 2024: Animoca Brands expands MENA footprint with investment in UAE gaming firm
- Animoca Brands invests in UAE’s Param Labs
- Focus on scalable Web3 gaming infrastructure
29 Feb 2024: Animoca Brands invests in SG Web3 entertainment startup
- Imaginary Ones expands into gaming and merchandise
- New series Bubble Rider gains 6M plays in weeks
16 Feb 2024: Animoca Brands partners with 3 crypto wallets for Web3 network Mocaverse
- Mocaverse partners with OKX, Crypto.com, and Halo
- Users can claim Moca IDs in-app starting Q1 2024
29 Nov 2023: Animoca Brands invests in Telegram-linked Web3 firm
- Animoca Brands invests in The Open Network
- They become the largest validator for TON Blockchain
