„Animoca“ prekės ženklai readjusted its fundraising target for a web3 investment fund to $1 billion from a previous goal of $ 2 mlrd in the first quarter amid “challenging” market conditions, "Bloomberg Naujienos pranešta.
Animoca Brands CEO Yat Siu told Bloomberg:
“[The first quarter] is the goal and then let’s see what happens. It is fair to say it’s a challenging market. But we have quite a bit of interest.”
The investments will be collected under a newly set fund called Animoca Capital. The fund will be primarily concerned with making strategic investments to develop a Web3 ecosystem, and Morgan Stanley’s former executive, Homer Sun, will co-chair.
Animoca is in talks with potential investors who might be interested in supporting Animoca Capital. According to Siu, however, the targeted $1 billion will be spent to support metaverse projects.
Animoca’s future
As of April 2022, Animoca has around $98 million in the cash balance, $870 million worth of liquid crypto, and $4 billion in off-balance sheet coins.
2022 metų pradžioje įmonė iškėlė $358 million in funding as well. It has stakes in over 380 companies and accepted a hefty investment from Temasek.
Siu said that Animoca is not planning to raise funds for itself in the foreseeable future. Instead, it will focus its funding efforts on growing a Web3 ecosystem.
Source: https://cryptoslate.com/animoca-brands-lowers-fundraising-target-to-1b/