Animoca Capital, the new fund by Animoca Brands supporting web 3 and metaverse development, is looking to raise $1 billion this Q1 for its cause.
Animoca Capital, a web 3.0 fund by Hong Kong’s crypto investment firm Animoca Brands, is looking for investors to drive its web 3.0 and metaverse plans. However, due to the hard times experienced in the market during the crypto winter, it is retracting its agenda on the original $2 billion fund.
Now, it hopes to raise about $1 billion to move forward, with the help of its standing investors on its portfolio list. Despite the ups and downs in the crypto market, the company believes there will be good times ahead. Some sources reported Animoca Brands got sizeable funding from several firms during the 2022 horror show.
Animoca Brands is a huge part of Sandbox, one of the most massive online decentralized games today. The game is among about 380 of its investments in the revolutionary space, besides other projects like Dapper Labs. If its current hopes go according to plan, there will be more to this list, enabling startups in the blockchain and web 3.0 space.
The only impressive thing about the firm is not its investment but its investors. On the list are Mirae Asset Management, Boyu Capital, Temasek, and GGV Capital. They extend across Asia and the US. It has also formed partnerships with companies like LayerZero and Cyberport.
Animoca Capital; A futuristic approach to web3
In an exclusive interview with Nikkei in November 2022, Animoca disclosed that it would focus on NFTs and open metaverses (digital property rights for all is inclusive). While the original idea was to be an active market, the progression of the industry is prompting another path. Its current pathway will be for optimizing capital and bringing more chances for people to invest in web3.
Animoca Capital will be among the long-term plans for the company, campaigning for more control over digital properties, including assets like NFTs, land, avatars, content, and more. Despite the challenges the market may pose for the upcoming projects, Animoca believes the environment is more straightforward than before. That includes raising funds for this Q1 chapter for web 3.0.
Mocaverse meets Animoca
In the spirit of promoting its vision, Animoca announced on December 15, 2022, about Mocaverse. The NFT collection launching this Q1 will present Mocas, characters in the space from 5 tribes, with 4 main utility categories.
Besides supporting more investment opportunities and additional benefits for participants, Mocaverse will be uniting its huger community of investors and beneficiaries. For more information on how to get the NFTs, click here.
