According to those acquainted with the situation, Hong Kong-based blockchain game firm Animoca Brands has scaled down its plans by another 20%, lowering its objective for its so-called metaverse fund to $800 million. In November, Animoca Brands announced that it was planning a new $2 billion Animoca Capital fund. But
Yat Siu, the co-founder of Animoca Brands, a gaming company, has indicated that royalties have helped drive the rise of the non-fungible token (NFT) market. All of these developments occurred due to the fact that royalties were conceivable as per Siu. Siu, the co-founder of the Hong Kong-based firm, has
On Thursday, Animoca Brands, a company specializing in digital entertainment, revealed that they will be opening a private club in Los Angeles. Club 3 is being introduced by the Meta Hollywood partnership with the Planet Hollywood Group. Cryptocurrency and the entertainment industry both have long-standing traditions of exclusive clubs. Yuga
Animoca Brands has scaled down its initial goal of $2 billion and will instead raise $1 billion for its metaverse investment fund in the first quarter of this year. Chairman Yat Siu of Animoca Brands told Bloomberg in a Twitter Spaces conversation: “We had initially looked at a target of
According to Yat Siu, co-founder and executive chairman of Hong Kong’s blockchain gaming behemoth Animoca Brands, the company will soon launch a gigantic $2 billion fund, entitled “Animoca Capital,” to invest in metaverse firms. During an interview with Nikkei Asia, the executive said that digital property rights would be a
