BTC

$68880.023

-0.07%

ETH

$2440.662

-1.40%

BNB

$559.381

-0.45%

XRP

$0.512

-0.42%

Metaverse News

Animoca Unveils The New $2 Billion Metaverse Investment Fund

November 30, 2022 - Around 1 mins mins to read
Animoca Brands, a Web3 game and software company, is launching a $2 billion fund to invest in metaverse startups.
Animoca Unveils The New $2 Billion Metaverse Investment Fund

Animoca Capital, the fund’s name, is anticipated to make its first investment next year, according to co-founder and executive chairman Yat Siu in an interview with Nikkei. He noted that the fund’s emphasis would be entirely on digital property rights.

He has repeatedly expressed his conviction that Web3 technologies, such as NFTs, have the potential to liberate content producers from the tyranny of Web2 tech behemoths while also providing consumers with greater control over their data.

Animoca Brands is one of the most active Web3 investors. Its subsidiaries include metaverse game platforms The Sandbox, Blowfish Studios, Grease Monkey Games, and Eden Games, in addition to investments.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

animoca

Animoca Capital

yat siu

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Metaverse News

Animoca Unveils The New $2 Billion Metaverse Investment Fund

Animoca Brands, a Web3 game and software company, is launching a $2 billion fund to invest in metaverse startups.
Animoca Unveils The New $2 Billion Metaverse Investment Fund

Animoca Capital, the fund’s name, is anticipated to make its first investment next year, according to co-founder and executive chairman Yat Siu in an interview with Nikkei. He noted that the fund’s emphasis would be entirely on digital property rights.

He has repeatedly expressed his conviction that Web3 technologies, such as NFTs, have the potential to liberate content producers from the tyranny of Web2 tech behemoths while also providing consumers with greater control over their data.

Animoca Brands is one of the most active Web3 investors. Its subsidiaries include metaverse game platforms The Sandbox, Blowfish Studios, Grease Monkey Games, and Eden Games, in addition to investments.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News