Animoca: Driving Web3 Innovation and Growth with Impressive Track Record and Reputable Backing

Introduction

Animoca, a prominent name in the Web3 investment sector, has been making waves for several years. In July 2022, the company reached a valuation of $6 billion, with backing from Singapore's state investment fund, Temasek.

Metaverse Fund

Animoca had ambitious plans to raise $2 billion for its metaverse fund in November. However, due to the collapse of FTX, expectations were significantly lowered. As a result, Animoca revised its target to $800 million in March 2023.

Conclusion

Despite the setback, Animoca remains a key player in the Web3 investment space. With its impressive track record and support from reputable investors, the company continues to drive innovation and growth in the industry.