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October 31, 2023

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

Priya Sharma
Written byPriya SharmaWriter
Researched byNikos PapadopoulosResearcher

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.

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

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.

About the author
Priya Sharma
Priya Sharma
About

Mumbai-born Priya is India's rising star in the realm of online casino guides. With a knack for fusing traditional Indian gaming narratives with cutting-edge digital dynamics, she's an essential bridge between classic and contemporary gaming for a vast Indian audience.

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