Animoca unit TinyTap raises funds at $100 million valuation for web3 education
Animoca Brands subsidiary TinyTap raised $8.5 million from investors, including Sequoia China and Polygon.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.TinyTap, the edtech company owned by Animoca Brands, raised $8.5 million in new funding, aiming to"disrupt education with web3.
"That said, at the time of the closing of the round, no exact plans for a token were shared with investors," Shelly said."We merely focused on how we believe a tokenomics model can benefit education and creator economies in general."for around $39 million for a stake of about 84% in the company, and it is now valued at $100 million with the new funding in place, Shelly said.
The company is also planning to offer custodial wallets for students to store tokens, claim on-chain credentials and access PublisherNFT content.
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