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Animoca Brands plans to setup $2-billion fund to invest in the Metaverse

Animoca Brands, one of the biggest investors in Web3, with over 340 investments, has decided to set up a new fund called Animoca Capital, with $2 billion as a start, to further develop the ecosystem and enable other industry player to enter the metaverse.
Among the most famous subsidiaries of Animoca Brands, we can mention The Sandbox or Eden Games, a French game publisher specialized in motorsports games, which they acquired in April 2022 for $15 million.
This shows that despite the current market conditions, and circumstances around the metaverse and Meta, people still believe in the future of the technology.
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