Animoca Brands, pioneer and now indisputable giant of Web3 gaming, announces the launch of a $2 billion investment fund through its co-founder, Yat Siu. This fund will be focused on the development of companies operating in the metaverse sector and on strengthening the right to digital property of users of these virtual worlds.
Animoca Brands bets big on the metaverse
With a valuation exceeding $5 billion, Animoca Brands ranks first among Web3 gaming giantsa status that it owes in particular to its pioneering role in this ecosystem and its development hits like The Sandbox (SAND).
Today, Animoca Brands has decided to make a concrete shift towards the metaverse by announcing the forthcoming launch of an investment fund totally dedicated to this type of virtual universe under the name “Animoca Capital”.
According Yat Siu, co-founder and executive chairman of Animoca Brands, this fund aims for a target of 1 to 2 billion dollars. No fundraising has yet been made, but it should not be long since we already know that Animoca Capital should make its first investment next year.
In line with one of its last $75 million fundraising already focused on the metaverse, Animoca Brands wishes enhance the right to digital property of its userscondition sine qua nonaccording to her, for the good development of this ecosystem.
Yat Siu specifies that the fund will operate internationally without any geographic restrictions.
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A global entry point for Web3 investment
According to the co-founder of Animoca Brands, this new investment fund could be an entry point for companies wishing to invest in Web3since Animoca Capital will be oriented towards companies that are at a minimum advanced stage of development:
“For many traditional investors, it’s safest to invest in late-stage, growth-stage companies. This is very different from investing in a seed startup, which is much higher risk. »
He specifies that the primary role of Animoca Capital will be to make various strategic investments in order to grow the Web3 ecosystem and create an “active market” rather than focusing on financial returns per se.
At the time of writing these lines, the giant Animoca Brands has invested in over 340 different projects across a multitude of sectors, including MetaMask, Ledger, Magic Eden, Immutable, Dapper and Axie Infinity.
Overview of Animoca Brands’ investments in the Web3 universe
In parallel with the future arrival of Animoca Capital, which will therefore be oriented towards the development of the metaverse ecosystem strictly speaking, Yat Siu mentioned “the need” for a second fund which would be rather dedicated to the role of investment vehicle in order to generate profitwithout revealing more.
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Source: Nikkei Asia
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