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CATEGORY: metaverse fund


Mar 26, 2023 03:15

Animoca Brands refutes claims of scaled back metaverse fund and plummeting valuation


Venture capital firm Animoca Brands denies claims of reducing its metaverse fund target by $200 million and a significant drop in its valuation, citing inaccurate reporting. The firm acknowledges the impact of banking collapses on fundraising but states that the final amount raised for the fund is yet to be determined. (Read More)

Animoca denies reports of $200M cut to Metaverse fund and valuation drop to $2B

Author: Cointelegraph By Brian Quarmby
United States
Mar 25, 2023 08:20

Animoca denies reports of $200M cut to Metaverse fund and valuation drop to $2B

Speaking with Cointelegraph, Animoca co-founder Yat Siu noted that given the source’s anonymity, it “makes it difficult to ascertain exactly who or what the sources/agenda is.”

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