Animoca Brands Seeks to Raise $1 Billion in Q1 2023 to Invest in Web3
The Hong Kong-based Animoca Brands could roll out a $1 billion Web3 and Metaverse investment fund. The initiative comes in spite of the market decline and the FTX crash, which have vaporized much of the interest in cryptocurrencies.
The Hong Kong-based Animoca Brands seeks to double down on its Web3 endeavors by raising $1 billion to support blockchain and Metaverse startups. Chairman and Co-Founder – Yat Siu – said the firm aims at completing the fundraisiер during the first three months of 2023.The Hong Kong entity vowed to roll out a $2 billion fund (called “Animoca Capital”) to invest in Metaverse businesses across the globe in partnership.
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