Animoca Brands plans to apply $ 1 billion in the first quarter of 2023 to invest in Web3

Animoca Brands plans to apply $ 1 billion in the first quarter of 2023 to invest in Web3

The blockchain gaming platform Animoca Brands would like to apply around $ 1 billion for their latest Web3 and Meta-Verse investment funds in the first quarter of the year.

The initiative comes despite the market decline and the FTX crash, which have destroyed a large part of the interest in cryptocurrencies.

Special attention to Web3

The Animoca Brands based in Hong Kong tries to double their web3 efforts Upage Preserver-Spaces = "True"> US dollar to support blockchain and Metaverse startups. Chairman and co -founder - Yat Siu - said that the company was aiming to conclude the fundraising campaign in the first three months of 2023:

"Q1 is the goal, and then let's see what happens. It is fair to say that it is a challenging market. But we are quite interested."

The intentions of the company come almost two months after the gigantic crash from ftx . The collapse had a negative impact on several Animoca portfolio companies.

The company in Hong Kong praised Preserver spaces = "True"> a 2 billion dollar fund (called "Animoca Capital") with the former manager of Morgan Stanley, Homer Sun, to invest in Metaverse companies around the world at the end of 2022. Siu commented on the step:

"The long-term goal for us and frankly for myself is to create a way where we have all digital ownership rights. I hope that this will also drive a scenario in which digital property in the legal system is recognized and physical ownership."

While Siu explained that fundraisers had become quite difficult after FTX's downfall, he revealed that some subsidiaries will continue to capitalize.

The Chairman said that Animoca did not receive any plans for personal financing rounds Temaseks investment last year. The main goal of the company will be to develop an ecosystem of cryptocurrency organizations that are committed to the further development of Web3

Despite Baisse, the evaluation

Animoca Brands carried out several fundraisers in 2022.

es Completed A round of funding in the amount of $ 360 million almost a year ago and another value of $ 75 million in July. The company said will use capital to hire more employees, to receive licenses for intellectual property and improve its products.

The Japanese subsidiary of Animoca-Animoca Brands KK- brought up in August, for the presence of the organization in the country To strengthen the sun.

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