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Animoca Brands has been making rounds in the NFT world for quite a while. Now, the investor is planning to start a huge Metaverse fund.<\/strong><\/p>\n

Metaverse investments have been gaining immense popularity in the last two years, and Animoca Brands is looking to capitalize on this trend. The company aims to raise $2 billion from investors to fund projects related to blockchain, virtual reality, augmented reality, and other emerging technologies.<\/p>\n

Animoca Brands\u2019 Future Plans\u00a0<\/h2>\n

Last Wednesday, the Animoca Brands co-founder, Yat Siu, told Nikkei Asia that the gaming investor is working on plans to set up a huge fund for Metaverse investments. The fund will be used to further develop and invest in promising Metaverse projects.<\/p>\n

Animoca Capital, as the fund is known, will see its first investment in early 2023. The fund\u2019s current target is set somewhere between $1 and $2 billion, although the money has not been raised yet. But since more and more businesses are entering the Metaverse space, the fund is likely to be filled with investors in no time.<\/p>\n

The Metaverse Fund will be a global venture capital fund focusing on investing in companies developing platforms for the Metaverse. The fund will provide capital for startups to build their products and services, among other benefits.<\/p>\n

The main purpose of these investments will be to develop a Metaverse ecosystem and create an active market with multiple players instead of pursuing returns.<\/p>\n

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