- Amasa raised $1.5 million in financing round led by Animoca Brands and supported by other blockchain venture capitals.
- The raised funds will be used for Amasa’s micro-investment streaming app project.
Amasa has announced the recently closed funding round where it raised $1.5 million to build a micro-investment streaming app. With the funds raised from the funding round, Amasa will be able to fulfil its mission of connecting users to Web 3.0 and DeFi to improve financial conditions. Also, Amasa will be able to build the world’s first micro-investment streaming app.
Upon completing the funding round, Amasa will introduce investment streaming, and people will be able to utilize the potentials of micro income streams and DeFi. The generated funds allow Amasa to further work towards a successful launch of the micro-investment streaming app.
Amasa generates $1.5 million in a recently-closed funding round
The investment round was led by Animoca Brands Corporation, and more companies also participated in the event. The other firms that contributed to the $1.5 million financing round are Spark Digital Capital, Momentum 6, SkyVision Capital, LD Capital, Block Dream Ventures, OKEx, Double Peak, Maeve Ventures, and Moonwhale Ventures. The co-founder of Gabby Dizon and Polygon co-founder Sandeep Nailwhal were also participants in the investment round.
Animoca Brands’ director of strategic partnerships, James C.K. Ho, stated:
As true proponents of decentralisation and fair wealth distribution, we see Amasa as playing a pivotal role in mass adoption of the earning potential web3 and DeFi provides. This will create increased value, not only for Animoca’s portfolio of projects but for the entire blockchain ecosystem.
The engagement from top blockchain venture capitals and leading figures in the space signifies the importance of the project. Also, the participants see the relevance of the Amsa project to Web 3.0 and DeFi. Additionally, support from these partners will push Amasa to build rapid connections within the expanding non-fungible tokens (NFTs) space. Amasa will also build fast relationships among metaverse builders.
Gabby Dizon, Yield Guild Games co-founder, also commented:
I am all about bringing communities together to earn via blockchain-based economies. Amasa will bring more users into the space and give existing users additional options and incentives to increase the value of their time spent in these economies.
Amasa co-founder comments on new financing
Furthermore, Amasa’s core contributor and co-founder, William Birks, expressed his gratitude for the support of the project. He noted that with the support of the investment supporters, Amasa could expand its resources. Birks added that their support “brings valuable networks to leverage” as the firm moves to bring Amasa to the world.
Earlier this year, Animoca Brands secured almost $89 million in a capital raise, which pushed the company’s valuation to $1 billion. Several investors, such as RIT Capital Partners, LCV Fund, Liberty City Ventures, and more, participated in the financing round. Over time Animoca Brands has partnered with several companies in the blockchain ecosystem.
