News

October 31, 2023

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

Thando Dlamini
Written byThando DlaminiWriter
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
Thando Dlamini
Thando Dlamini
About

Thando Dlamini, a vivacious 22-year-old from South Africa, seamlessly blends her love for the vibrant world of online casinos with her meticulous localization skills, making the digital gaming experience truly South African.

Send mail
More posts by Thando Dlamini
undefined is not available in your country. Please try:

Latest news

Shibarium: Thriving Community, Impressive Growth, and Increased SHIB Burn Rate
2024-02-16

Shibarium: Thriving Community, Impressive Growth, and Increased SHIB Burn Rate

News