Animoca Brands Corp., a Hong Kong-based blockchain game maker and venture capitalist, has scaled down the target amount for its Web 3.0 and metaverse investment fund to US$1 billion from the initial goal of up to US$2 billion, according to Bloomberg. The company is raising around US$1 billion for its new Web3 fund within Q1 of this year, Animoca Chairman Yat Siu said during a Twitter Spaces chat hosted by Bloomberg. (forkast)
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Animoca Brands Slashes Web3 Fund Target to US$1B
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