NFT Investor Animoca Brands to Launch $2 billion Metaverse Fund

According to co-founder and executive chairman Yat Siu, the Animoca Capital fund is anticipated to make an inaugural investment the following year, according to an interview with Nikkei. Animoca Brands is a web3 investor that is quite active. As of September of this year, it had over 340 investments in its portfolio, including more than 60 during the first half of 2022.

The Objective of Metaverse Fund

The Sandbox, a metaverse game network, Blowfish Studios, Grease Monkey Games, and Eden Games are some of its affiliates in addition to investments. According to Animoca Brands CEO, the main goals of the metaverse fund will be ecosystem development and expanding investor exposure to web3 startups. According to him, a fund's function is to give investors more direct access to middle- to late-stage enterprises.

However, it will also emphasize intellectual property rights, a subject that is important to his heart. He has regularly expressed his opinion that web3 technologies like NFTs have the potential to "liberate" content producers from the constraints of web2 tech behemoths and provide consumers more control over the information.

Participation in OMA3

Animoca Brands participated in the introduction of OMA3 to achieve this. The majority of the firms on its first list included Alien Worlds, Dapper Labs, and other businesses it was affiliated with, either through collaborations or financing. Earlier last month, it made two membership levels available to other web3 developers.