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Jack Ma’s Bluepool Capital New Investment In Blockchain Game And NFT

2021-07-14
in Market, Business
Jack Ma’s Bluepool Capital New Investment In Blockchain Game And NFT
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In March of this year, Christie’s auction house sold the craftsman Beeple’s digital is currently working on a sky-high price of nearly 70 million U.S. dollars, affording the part NFT a rapid rise. Recently, a large ripple of NFT concept jobs announced that they have received huge financing, and countless traditional investment institutions are scurrying to bet.

Last week, blockchain activity and NFT developer Animoca Brands announced that it has received a new suppression of the financing of US $50 million. Officials pointed out that with the completion of this financing, the company’s total financing has reached 139 million US dollars, and its pre-investment valuation is 1 billion US dollars.

The reporter of “Blockchain Daily” noted that in addition to crypto industry monsters such as Coinbase, the investors also included a low-key and inscrutable institution-“Blue Pool Capital”, the family of Jack Ma and Cai Chongxin Wealth conduct funds.This meant that Jack Ma and Cai Chongxin have formally invested in blockchain programmes.

Why does Bluepool Capital bet on NFT? 

Returning to the investment target Animoca Brands itself, is a game developer focused on NFT, aiming to use blockchain-based in-game token payouts to provide participants with digital property rights.

 Animoca Brands received 50 million US dollars in financing, in addition to Blue Pool Capital, it also includes Coinbase Ventures, Liberty City Ventures and Samsung Ventures.

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 The company said in a statement that with the completion of this financing, the company’s total financing has reached 139 million U.S. dollars, and its pre-investment valuation is 1 billion U.S. dollars. The funds conjured this time will be used for capital strategic investment and acquisition, concoction developing and intellectual property rights licensing.

Back to Blue Pool Capital, why was its first blockchain speculation an NFT project? 

NFT based on blockchain technology, due to its priceless and indivisible characteristics, naturally meets the needs of asset confirmation and property rights protection. To a limited extent, it is in line with the concepts of data security, privacy and approval, and intellectual property rights that Jack Ma previously emphasized.

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