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

Photo of Flavien FlavienNovember 30, 2022
Less than a minute
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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Photo of Flavien FlavienNovember 30, 2022
Less than a minute
Photo of Flavien

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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