Animoca Brands, which has raised $804 million from several investors before, aims to put these new funds into metaverse platforms in the mid-to-late investment stages.
Animoca Brands, the parent company of metaverse projects like The Sandbox, has announced it plans to launch a $2 billion metaverse fund. The new fund, which would be focused on returns for potential investors wanting to get more Web3-related capital exposure, will focus its activities on companies in the mid-to-late investment stages.Animoca Brands, one of the most recognized metaverse and NFT companies in the ecosystem, has announced plans to launch its own metaverse fund.
Animoca Brands, which has raised $804 million from several investors in several funding rounds already, aims to put the new funds into established metaverse platforms in the mid-to-late investment stages, as it seeks to prioritize revenue over developing the Web3 environment, allowing partners to have direct investments in more companies in the area.For a lot of traditional investors, investing in growth to a late stage is safer.
Animoca is not the only company that is considering the potential of Web3 gaming and the metaverse in the future. On Nov. 29, Game7, a gaming-focused DAO ,the launch of a grants program that would invest $100 million in different sectors of the Web3 gaming industry, including the tooling to allow programmers to streamline gaming development.
The company did not offer more details on the actors that would be interested in investing in this fund or the launch date of the proposed instrument.
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