Animoca Plans to Increase $1B in New Metaverse Funding Fund
- Animoca plans to lift $1 billion for its new Web3 and metaverse funding fund.
- Some corporations in Animoca’s portfolio suffered from the FTX collapse.
- Whatever the FTX fiasco, Animoca’s liquid crypto holdings are $940 million.
Animoca Manufacturers Company, a number one Web3 agency, has introduced its targets for the 12 months’s first quarter. In keeping with a not too long ago concluded Twitter Area, the corporate hopes to lift about $1 billion for its new Web3 and metaverse funding fund.
Yat Siu, a co-founder of Animoca Capital, famous within the dialog with Bloomberg that the corporate was in discussions with attainable buyers and can use the cash to help blockchain and metaverse corporations.
https://t.co/CrFCO1j8iv— Vlad Savov (@vladsavov) January 5, 2023
Siu additionally revealed that a number of corporations in Animoca’s funding portfolio suffered from the collap …
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