Spartan Group — an Asia-based consultancy and venture capital firm — is set to close a new $200 million fund aimed at the metaverse, according to Jason Choi, a general partner at the firm.
The new fund, which will close less than a year after Spartan announced its $110 million DeFi fund, will focus on projects building in the metaverse, specifically virtual worlds that support “digital ownership” as Choi described in an exclusive interview on The Scoop.
As Choi explained during the interview:
“We only care about the metaverse or games where the users are empowered through ownership so you can own the in-game assets. You can own your characters, you can own part of the game, you can share in part of the value that you create for the game. We pretty much spend most of our time studying protocols like that and investing in teams that are building into that vision.”
To be sure, Spartan is far from alone. A series of big-name investors have recently raised and deployed cap
