Hong Kong-based blockchain gaming giant Animoca Brands is all set to roll out a massive $2 billion fund, dubbed “Animoca Capital,” to invest in metaverse businesses, according to co-founder and executive chairman Yat Siu.
While speaking to Nikkei Asia, the exec revealed that the upcoming metaverse fund, which will make its first investment in 2023, will focus on digital property rights. It also seeks to provide opportunities to access Web3 companies.
The fund’s investment targets will have no geographical restrictions. Siu, who will lead the initiative with a partner, believes that Animoca Capital will prove to be a good entry point for Web3 businesses and investors.
The exec, in a statement, said,
“The long-term goal for us, and frankly for myself, is creating a way where we all have digital property rights. I’m hoping that this will also drive a scenario where the digital property will be recognized like physical property in the legal system.”
Animoca Brands has establish
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