Animoca Brands plans to launch a $2 billion fund to invest in metaverse businesses, according to the company’s co-founder and CEO Yat Siu. In addition to focusing on digital property rights, Siu said the Animoca Brands metaverse fund would develop the ecosystem. In addition, the Hong Kong-based gaming software and venture capital platform is also looking to provide opportunities to access Web3 companies.

Animoca’s metaverse fund, known as Animoca Capital, seeks to embark on its first investment in 2023. According to Siu, who will oversee the initiative with a partner, the fund has yet to raise any money. However, the president of Animoca…