Share this article
NFT Investor Animoca Brands to Start $2B Metaverse Fund: Report
The company will unveil the fund, called Animoca Capital, with plans to make its first investment next year.
Updated May 9, 2023, 4:03 a.m. Published Nov 30, 2022, 11:26 a.m.
Make us preferred on Google
Non-fungible token (NFT) and gaming investor Animoca Brands plans to set up a fund worth as much as $2 billion to invest in metaverse businesses, the firm's co-founder, Yat Siu, said in an interview, Nikkei Asia reported on Wednesday.
Siu said that Animoca Brands will unveil the fund, called Animoca Capital with plans to make its first investment next year. The fund's focus "will be everything on digital property rights," he added.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The metaverse is a broad term for a conceptualized world where the internet exists as an immersive virtual space that can be used for work, play, socializing, experiences and events.
Animoca Brands has been one of the leading investors in NFTs, blockchain gaming and metaverse-related companies and has been backed by the likes of Singapore's state investment fund Temasek.
Possibly most prominent among Animoca's metaverse investments is The Sandbox, an online multiplayer game in which users build, own, trade or earn assets in the form of NFTs. Animoca is a majority shareholder in the platform.
Animoca did not immediately respond to CoinDesk's request for further comment.
Read more: Sony Launches Motion-Tracking Metaverse Wearables
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business
Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously
What to know:
- Coinbase CEO Brian Armstrong said a top executive at one of the world’s 10 largest banks told him crypto is now the bank’s “number one priority” and an “existential” issue.
- At Davos, Armstrong highlighted tokenization of assets and stablecoins as major themes, arguing they could broaden access to investments for billions while threatening to bypass traditional banks.
- He described the Trump administration as the most crypto-forward government globally, backing efforts like the CLARITY Act, and predicted that AI agents will increasingly use stablecoins for payments outside conventional banking rails.
Top Stories
