NFT-game and virtual property developer Animoca Brands has reportedly gone through a two-fold increase, hitting the $2.2 billion benchmark for its valuation, following a successful funding round securing $65 million.

Specifically, the most recent funding round was reportedly carried out at a pre-money valuation of $2.2 billion, which came with support from gaming heavyweights such as Ubisoft Entertainment, together with Liberty City Ventures, Sequoia China, Dragonfly Capital to name a few.

The development reportedly serves as an act of clearing the firm’s name for being removed from the Australian Securities Exchange (ASX) in March last year, in part for its involvement in cryptocurrencies.

Per the Oct. 20 announcement from the firm, the distribution of over 43.8 million freshly generated shares to investors will be completed at a price of AUD $2 per share, or USD $1.51.

The overall amount of secured funding for Animoca has reportedly hit $203.88 million this year, with the firm becoming a crypto unicorn in June when it raised $138.88 million as part of two tranches of a capital raise at a valuation of $1 billion.

The brand-centric metaverse and interactive content entity reportedly shared that the most recent funding will reportedly be channeled towards financially supporting “strategic investments and acquisitions, product development, and licenses for popular intellectual properties.”

“In 2018 we laid out a strategy based on our assessment that in the future digital property rights would revolutionize industries by expanding financial inclusion and that this significant change would start with NFT adoption in games. That future is already here. With the backing of our new strategic investors, Animoca Brands will continue to advance blockchain in gaming — and beyond — to introduce billions of gamers and Internet users to true digital ownership,” Animoca co-founder Yat Siu further remarked.