ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Blockchain group Animoca to form metaverse fund

Co-founder says up to $2bn vehicle focuses on mid- to late-stage startups

Animoca Brands co-founder Yat Siu describes the planned fund as "a good entry point" for Web3 businesses.  (Photo by Kentaro Iwamoto)

TOKYO/HONG KONG -- Hong Kong-based blockchain gaming group Animoca Brands plans to launch a fund of up to $2 billion to invest in metaverse businesses, according to company co-founder and Executive Chairman Yat Siu.

Animoca is known for the Sandbox metaverse game that allows users to buy plots of digital land and decorate them using non-fungible tokens (NFT) -- a type of digital asset traded on the blockchain. Animoca's investors include Singapore state fund Temasek, GGV Capital of the U.S. and South Korea's Mirae Asset Management, and has a valuation of over $5 billion as of its latest fundraising.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more