TechFlow reported that James Ho, head of Animoca Ventures—the investment arm of Animoca Brands—said in an interview that the Web3 gaming sector has been affected by broad declines in token prices issued by developers, yet it continues to attract some of the most talented and experienced veterans in gaming. Ho added that Animoca Ventures is currently exploring raising a second early-stage venture fund, with certain "major Japanese game companies" having expressed interest. The first $100 million fund was launched in May 2022, focusing on seed and Series A investments in blockchain gaming, and authorized to allocate 10% of its capital to NFTs.
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