Hong Kong’s Animoca Brands, a gaming software firm and Web 3.0 investment powerhouse, plans to set up a fund of up to $2 billion to invest in mid- to late-stage metaverse firms, co-founder and executive chairman Yat Siu told Nikkei Asia in an interview.
Siu said the fund, named Animoca Capital, will make its first investment next year, although it is yet to raise capital. He added that the fund would enable some of Animoca’s investors to tap into the Web3 industry directly. The fund targets businesses and projects covering “NFT metaverse” and “open metaverse”, per the report.
