Animoca Brands Announces $2 Billion Metaverse Fund

Blockchain gaming giant Animoca Brands on Wednesday said it plans to launch an approximately $2 billion fund to invest in metaverse projects. The fund named Animoca Capital will be used to invest strategically to develop a Web3 ecosystem and create an active market rather than pursuing economic returns. Animoca has made massive investments in crypto projects despite the slowdown amid the bear market.