Animoca Brands, the company behind the social metaverse platform "The Sandbox," has announced plans to launch a USD 2 billion fund (“Animoca Capital Fund”), dedicated to investing in metaverse companies. The fund is expected to complete its first investment in 2023.
Animoca Capital Fund plans to help develop the metaverse ecosystem and increase accessibility to Web3 companies for investors. The fund will primarily focus on mid- to late-stage companies.
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