Animoca Brands, the parent company of metaverse projects like The Sandbox, has announced that it plans to launch a $2 billion metaverse fund. The new fund, which would focus on returns for potential investors looking to gain greater equity exposure related to Web3, will focus its activities on companies that are in the mid to late stages of investment.

Animoca Brands Plans Launch of Animoca Capital Fund

Animoca Brands, one of the most recognized metaverse and NFT companies in the ecosystem, has announced plans to launch its own metaverse fund. According to statements made by co-founder Yat Siu to Nikkei on November 29, the company intends to raise between $1 billion and $2 billion for this new initiative.

Animoca Brands, which has raised $804 million from various investors in various rounds of funding…