Animoca Brands Cuts Metaverse Fund Target to $800M  

Stephan Zilla

Other 1 year ago
1 QCP
Post Image
Animoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 billion to below $2 billion, signaling a change in sentiment in the crypto industry.

https://blockchain.news/news/animoca-brands-cuts-metaverse-fund-target-to-800m