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Web3 juggernaut and notable NFT investor,\u00a0<\/span>Animoca Brands<\/span><\/a>, has unveiled a massive $2 billion Metaverse fund.<\/strong> The new fund was named Animoca Capital and will spearhead the evolution of digital property rights within the virtual realm.<\/span><\/p>\n The news comes as\u00a0<\/span>Animoca Brands<\/span><\/a>\u00a0co-founder, Yat Siu, spoke in an interview with Nikkei Asia. The interview reaffirmed the company\u2019s commitment to driving innovation within the open Metaverse while also supporting mid to late-stage startups looking to improve the ecosystem. The company is also preparing to issue its first investment round in early 2023.<\/span><\/p>\n #HongKong<\/a>-based #blockchain<\/a> #gaming<\/a> group @AnimocaBrands<\/a> plans to launch a fund of up to $2 billion to invest in #metaverse<\/a> businesses, according to company co-founder and Executive Chairman @ysiu<\/a>.<\/p>\n Read the full story: https:\/\/t.co\/92Y3uYzrym<\/a><\/p>\n \u2014 Animoca Brands (@animocabrands) November 30, 2022<\/a><\/p>\n<\/blockquote>\n Animoca Brands has emerged as a true heavyweight within the Web3 space. It brings humungous swathes of investment in NFTs, Web3 Gaming, and the Metaverse. Key platforms such as\u00a0<\/span>The Sandbox<\/span><\/a>, Revv Motorsport, Phantom Galaxies, and Tiny Tap are blossoming under its expert guidance.<\/span><\/p>\n The Metaverse is touted as the next significant leap forward in the digital space, offering a massive 3-dimensional social experience that allows users to engage in activities within a virtual world. So many major tech companies have bet heavily on their future within the global market. Meanwhile, many big-name brands have already launched virtual products and experiences within the Metaverse.<\/span><\/p>\n Learn more >>\u00a0The Ultimate NFT Guide<\/a><\/strong><\/p>\n Want more? Connect with NFT Plazas<\/b><\/p>\n Join the Weekly Newsletter Image via: Animoca Brands<\/em><\/p>\n *All investment\/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.<\/em><\/small><\/p>\n Decentralised human, Explorer, Adventurer.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n
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