Animoca Brands launches $2 billion funds to invest in metaverse

Animoca Brands, the Hong-Kong based game software company founded by Yat Siu, is planning to raise up to $2 billion to invest in the metaverse business.

In addition, Siu said that the raise would facilitate more investors to access Web3 companies. As many Animoca investors want exposure to mid-late-stage companies, the role of the fund is to provide such necessities.