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Animoca Brands Launches $2 Billion Funding to Invest in Metaverse by CoinEdition

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Animoca Brands Launches $2 Billion Funding to Invest in Metaverse by CoinEdition

Source: news.google.com


Animoca Brands Launches $2 Billion Funding to Invest in Metaverse
  • Animoca Brands plans to launch a $2 billion fund to invest in the metaverse.
  • The president announced that the funding would focus on digital property rights.
  • The fund also aims to develop the ecosystem and provide opportunities to access Web3 companies.

Animoca Brands, the Hong Kong-based gaming software company founded by Yat Siu, is reportedly planning to raise funds up to $2 billion to invest in the metaverse business.

In an interview, the president announced that the company plans to launch the “Animoca Capital” fund to contribute to the metaverse. And he added: “We are thinking of a fund [that is now] forming.” Although the company hopes to raise an amount of between 1,000 and 2,000 million dollars,…

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