Coinspeaker
Animoca Brands to Launch $2 Billion Metaverse Fund
Animoca Brands plans to launch a $2 billion fund to invest in metaverse businesses, according to the company’s co-founder and executive chairman Yat Siu. In addition to focusing on digital property rights, Siu said that the Animoca Brands metaverse fund would develop the ecosystem. Furthermore, the Hong Kong-based game software, and venture capital platform, also seeks to provide opportunities to access Web3 companies.
The Animoca metaverse fund, known as Animoca Capital, looks to embark on its first investment in 2023. According to Siu, who will oversee the initiative with a partner, the fund is yet to raise any money. However, the Animoca chairman explained that there would be no geographical restrictions for investment targets. In addition, he stated that Animoca Capital is a good entry point for Web3 businesses and investors. Siu also said his company’s initiative provides a safer investment route for traditional
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