GameFi champion and metaverse developer Animoca Brands has a billion-dollar fund in its plans, according to a Nikkei Asia report on November 30.

Animoca Brands co-founder Yat Siu said in an interview that the fund could potentially have up to $2 billion USD to allocate to mid- or late-stage startups with a metaverse focus. The fund and the exact amount available to developers have not yet been finalized.

Cointelegraph reached out to Animoca Brands for comment, to which the company confirmed that the fund is “in the pipeline.”

According to the interview with Siu, there will be no geographic restrictions for those who receive funds and the main focus will be “all about digital property rights.”

He also said that the funds are meant to talk about a more mature development…