Siu said that Animoca Brands will unveil the new 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.
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.
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.