Blockchaingamer reports that Animoca Brands has announced a new $2 billion fund. The funds will be used to invest in emerging projects about the metaverse.
Side note: Animoca Brands acquires WePlay Media.
The company’s fund will support the ecosystem and create more opportunities for other investors to gain access to promising projects within web3. The goal is for the Animoca fund to serve as an entry point for venture capitalists.
Since its founding, Animoca Brands has established itself as a steady and reliable investor in the cryptocurrency space, even after the collapse of FTX.
The company will give $10 million to a Binance-led initiative to rebuild the Web3 industry. Animoca targets projects that aim to support and develop blockchain ownership and open metaclasses. The company’s primary goal is to create an ecosystem.Yat Siu, CEO of Animoca