Animoca Brands aims to raise up to $1 billion for its metaverse investment fund early this year, lowering its previous goal of raising up to $2 billion.

in a Twitter Spaces Discussion With Bloomberg, Animoca Brands President Yat Siu shared that his original goal was to hit $1 billion in targets. However, the amount may slightly decrease due to current market conditions. According to him, the company is not sure of the exact figure, but remains confident and optimistic about its prospects.

Animoca’s fundraising efforts will begin in the first quarter of 2023

Siu had initially told Nikkei that Animoca Capital could raise between $1 billion and $2 billion. However, his comments came before the FTX crash and no money was raised for this fund; so it seems…