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

• While speaking to Nikkei Asia, the executive revealed that the next 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 investment objectives of the fund will not have 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 companies and investors.
• The executive, in a statement, said:

“The long-term goal for us, and frankly for me, is…