TechFlow news — According to Bloomberg, Animoca Brands CEO Yat Siu said in an interview with Bloomberg that Animoca Capital aims to raise about $1 billion this quarter for its Web3 and metaverse investment fund. The company is currently in talks with potential investors and plans to use the funds to support blockchain and metaverse startups. Additionally, Yat Siu stated, "The crypto market is a challenging space, but Animoca Brands still maintains significant interest in it."
Earlier report: On November 30 last year, Animoca Brands co-founder and CEO Yat Siu said the company planned to launch Animoca Capital, a fund with a target size of up to $2 billion, to invest in metaverse businesses, describing the proposed fund as a "good entry point into Web3 businesses."Original link
