Blockchain gaming giant Animoca Brands will launch a $2bn fund to invest in the Metaverse according to their CEO Yat Siu
In an interview held with Nikkei Asia, Yat revealed the plans of Animoca Brands to launch Animoca Capital, the investment arm of Animoca Brands
If you didn’t know, Animoca Brands have invested in several other GameFi and Metaverse projects in crypto including SandBox, a game that allows users to buy lands in the Metaverse as NFTs
“We are thinking about a fund [that is now] forming,”
Yat Siu – Co-founder Animoca Brands
As of the time the interview was done, they haven’t raised any money yet. But they are looking to raise $1-2bn with their first major investment coming around in Q1 of 2023
