Animoca plots $2 billion metaverse investment fund: Nikkei
Web3 gaming and software giant Animoca Brands is set to debut a fund of up to $2 billion to invest in metaverse companies. The fund, named Animoca Capital, is expected to make its first investment next year, co-founder and executive chairman Yat Siu said in an interview with Nikkei.
Animoca Brands is one of the most active investors in web3. It made over 60 investments in the first half of 2022, bringing its total to more than 340 as of September this year, according to The Block Research. The primary purpose of the fund will be to develop the ecosystem and create more opportunities for investors to access web3 companies, Siu said. It opened up two membership tiers to other web3 builders earlier this month.
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