The company’s co-founder reported that they are working on an investment fund for companies looking to develop in the web3 world and the metaverse.
Animoca Brands is one of the largest companies in the blockchain arena. It was a GameFi winner and one of its main activities is the development of software, blockchain games, NFT initiatives, digitized experiences and metaverses.
In addition to being an active producer, he also plays an important role as an investor in a variety of blockchain, NFT and metaverse projects. various blockchain, NFT and metaverse projects.He is also an active producer and investor in a number of blockchain projects, such as Axie Infinity, Decentraland, OpenSea and Dapper Labs. He is also the main promoter of The Sandbox.
In the last few days the news was officially announced through the company’s Twitter account, where they stated that they are working on the launch of a fund of up to $2 billion dollars aimed at metaverse business, as expressed by the company’s co-founder and CEO Yat Siu.
One of its goals is to actively invest in businesses linked to virtual worlds, especially towards startups in medium and advanced stages of growth, and that are useful for the purpose of promoting its culture of a decentralized and open metaverse.
At the moment, the fund and the specific amount available for the projects have not yet been finalized. In principle, the fund would be called Animoca Capital and could start investing in the first months of 2023.
Regarding geographic restrictions for the beneficiaries of the investments, Yat Siu said that there would be no such limitations, and that the main focus will be on the whole issue of digital property rights.
Specifically, the Animoca company’s premise is to leverage digital property as an essential principle in order to create the virtual world, in conjunction with NFTs and blockchain technology.
To date, the company has made more than 300 investments in these areas. At the same time, it is also a founding member of the Open Metaverse Alliance (OMA), which is a DAO or Decentralized Autonomous Organization, responsible for bringing together different actors in the blockchain field for the development of an open and decentralized metaverse.
MORE ABOUT ANIMOCA BRANDS AND YAT SIU
It is a leading digital entertainment and blockchain company focused on digital property rights and an open metaverse. It in turn develops and publishes a broad portfolio of products, such as REVV Token and SAND Token, games like The Sandbox, Crazy Kings, and Crazy Defense Heroes.
They are also responsible for the creation of products using intellectual properties such as Disney, Snoop Dogg, The Walking Dead, MotoGP, Formula E, among many others.
Since 2018 they have presented their vision of the new reality of digital property in varied thought pieces.
Yat Siu got his start at the Atari company in Germany. Years later, he founded the company Cybercity, an internet and email provider. Currently, in addition to being CEO of Animoca, he is the CEO and founder of the gaming company Outblaze. Animoca Brands in its last round of financing reached the value of 2.2 billion dollars.
Written by Luciano Garriga (TW:@luchogarriga) for NFT Express