Animoca Brands helps fund projects and is directly involved with the top games in the Web3 space, with a particular focus on the Metaverse project.
- Animoca Brands will allocate up to $2 billion to Web3 in the new year.
- Investment hubs were also the largest recipients of capital inflows.
- Metaverse Growth Gaming, Digital Ownership, Web3 has raised funding for 2022.
Animoca Brands was one of the big drivers behind the 2022 Web3 boom. This investment and gaming hub, supporting some of the top games of 2022, has selected his NFTs and gaming projects of high quality. Animoca Brands chose top game studios with strong teams that also act as a seal of approval between projects of varying risk levels. Animoca Brands invests in a wide variety of games and collections, from very complex games to simple looping games, to keep users.
Animoca Brands has made 240 investments to date, totaling $804 million, and may continue at an even faster pace in 2023. In December, Animoca Brands announced plans for his Metaverse Fund. Metaverse project linked to blockchain and games and a space for VR.
Hong Kong-based blockchain gaming giant Animoca Brands is all set to roll out a massive $2 billion fund, dubbed “Animoca Capital,” to invest in metaverse businesses, according to co-founder and executive chairman Yat Siu 🔥 pic.twitter.com/5ZAMfXjOxu
— Alina 🛸 (@alindie1) December 20, 2022
Animoca Brands’ plan is to attract Web2 investors and focus on growth companies rather than early stage investments. One of his recent investments included Roboto Games, where Animoca Brands presided over his $15 million venture funding round.
Animoca Brands is also the principal investor in The Sandbox, a high-profile metaverse game with 10 years in development. Extra attention is paid to high-grade games, including those belonging to the Gala Games family.
Animoca Brands Involvement Hints at Gaming Growth in 2023
Animoca Brands’ involvement is a positive sign for the P2E sector and Web3, which has seen uncertainty over the past year. As NFT assets plummeted in value and gaming tokens lost 90% of his market cap, the focus shifted to top products and venture capital. This is partly because crowdfunding has also slowed down and interest in selling IDOs has declined. Launchpad sales and mini-rounds also provide much lower funding for game projects.
Animoca Brands has also raised venture capital funding and has combined multiple investment streams into the Web3 portfolio. The focus on Animoca Brands is one of the signals that Web3 will continue to trend in his 2023 metaverse space.
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