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October 31, 2023

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

Ethan Lim
Written byEthan LimWriter
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
Ethan Lim
Ethan Lim
About

Ethan Lim, a native of the Lion City, is Singapore’s rising star in the domain of online casino guide localization. He masterfully blends his intimate knowledge of local culture with international gaming standards to produce content that resonates deeply with Singaporeans.

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