- Animoca plans to raise $1 billion for its new Web3 and metaverse investment fund.
- Some firms in Animoca’s portfolio suffered from the FTX collapse.
- Regardless of the FTX fiasco, Animoca’s liquid crypto holdings are $940 million.
Animoca Brands Corporation, a leading Web3 firm, has announced its goals for the year’s first quarter. According to a recently concluded Twitter Space, the company hopes to raise about $1 billion for its new Web3 and metaverse investment fund.
Yat Siu, a co-founder of Animoca Capital, noted in the conversation with Bloomberg that the company was in discussions with possible investors and will use the money to assist blockchain and metaverse firms.
Siu also revealed that multiple companies in Animoca’s investment portfolio suffered from the collap ...
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