Animoca Brands Unveils $2B Metaverse Fund

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Hong Kong-based blockchain gam­ing giant Ani­mo­ca Brands is all set to roll out a mas­sive $2 bil­lion fund, dubbed “Ani­mo­ca Cap­i­tal,” to invest in meta­verse busi­ness­es, accord­ing to co-founder and exec­u­tive chair­man Yat Siu.

  • While speak­ing to Nikkei Asia, the exec revealed that the upcom­ing meta­verse fund, which will make its first invest­ment in 2023, will focus on dig­i­tal prop­er­ty rights. It also seeks to pro­vide oppor­tu­ni­ties to access Web3 companies.
  • The fund’s invest­ment tar­gets will have no geo­graph­i­cal restric­tions. Siu, who will lead the ini­tia­tive with a part­ner, believes that Ani­mo­ca Cap­i­tal will prove to be a good entry point for Web3 busi­ness­es and investors.
  • The exec, in a state­ment, said,

“The long-term goal for us, and frankly for myself, is cre­at­ing a way where we all have dig­i­tal prop­er­ty rights. I’m hop­ing that this will also dri­ve a sce­nario where the dig­i­tal prop­er­ty will be rec­og­nized like phys­i­cal prop­er­ty in the legal system.”

  • Ani­mo­ca Brands has estab­lished itself as one of the most promi­nent investors in NFT, blockchain gam­ing, and meta­verse-focused firms.
  • In Sep­tem­ber, the com­pa­ny announced rais­ing $110 mil­lion in a fund­ing round led by Temasek, Boyu Cap­i­tal, and GGV Cap­i­tal. Ani­mo­ca pre­vi­ous­ly stat­ed that the fresh­ly infused funds will be deployed for strate­gic acqui­si­tions, invest­ments, and prod­uct devel­op­ment, secur­ing licens­es for pop­u­lar intel­lec­tu­al prop­er­ties, advanc­ing the open meta­verse, as well as pro­mot­ing dig­i­tal prop­er­ty rights for online users.
  • Mean­while, its port­fo­lio boasts over 380 invest­ments, includ­ing Colos­sal, Axie Infin­i­ty, OpenSea, Dap­per Labs (NBA Top Shot), Alien Worlds, and Star Atlas, among others.
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