The giant Animoca Brands launches a $2 billion fund for the metaverse

Animoca Brands, pioneer and now undisputed giant in Web3 games, announces the launch of a $2 billion investment fund through its co-founder, Yat Siu. This fund will focus on the development of companies operating in the metaverse sector and on strengthening the right to digital property for users of these virtual worlds.

Animoca Brands is betting big on the metaverse

With a valuation of over 5 billion Animoca Brands ranks first among Web3 gaming giantsa status that it owes in particular to its pioneering role in this ecosystem and its development hits like The Sandbox (SAND).

Today, Animoca Brands has decided to make a concrete shift towards the metaverse by announcing the upcoming launch of an investment fund totally dedicated to this type of virtual universe under the name “Animoca Capital”.

According to Yat Siu, co-founder and executive chairman of Animoca Brands, this fund aims for a target of $1 billion to $2 billion. No funds have been raised yet, but it shouldn’t be long, as we already know that Animoca Capital will make its first investment next year.

In line with one of their last $75 million fundraising that was already focused on the metaverse, Animoca Brands wants strengthen its users’ right to digital propertycondition sine qua nonaccording to her, for the good development of this ecosystem.

Yat Siu specifies that the fund will operate internationally without any geographical limitations.

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A global entry point for Web3 investments

According to the co-founder of Animoca Brands, this new investment fund could be an entry point for companies that want to invest in Web3da Animoca Capital will be oriented towards companies that are at a minimum advanced stage of development:

“For many traditional investors, it is safest to invest in late-stage companies in the growth phase. This is very different from investing in a seed startup, which is much higher risk. »

He specifies that Animoca Capital’s primary role will be to make various strategic investments to grow the Web3 ecosystem and create an “active market” rather than focusing on financial returns per se.

At the time of writing these lines, the giant Animoca Brands has invested in over 340 different projects across a host of sectors including MetaMask, Ledger, Magic Eden, Immutable, Dapper and Axie Infinity.

Animoca Brands Investments

Overview of Animoca Brands’ investments in the Web3 universe

In parallel with the future arrival of Animoca Capital, which will therefore strictly be oriented towards the development of the metaverse ecosystem, Yat Siu mentioned the “need” for another fund which would be rather dedicated to the role of investment vehicle to generate profitwithout revealing more.

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Source: Nikkei Asia

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