Animoca creates billion-dollar metaverse fund for developers

The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus.

The GameFi champion and metaverse developer Animoca Brands has a billion-dollar fund in its plans
Animoca Brands’ co-founder Yat Siu said in an interview that the fund could potentially have up to $2 billion dollars to allot to mid to late-stage startups with a metaverse focus. The fund and the exact amount available to developers have yet to be finalized.
According to the interview with Siu there will be no geographical restrictions for those to receive funding and the primary focus will be “everything on digital property rights."