Animoca Manufacturers cuts metaverse fund goal to $800M: Report

Hong Kong-based Animoca Manufacturers, a developer of blockchain gaming know-how, has reportedly reduce its goal for its metaverse fund by an additional 20% to $800 million, Reuters reported, citing sources accustomed to the matter.

The blockchain gaming know-how firm reportedly scaled again on its billion-dollar objective attributable to volatility within the crypto sector. The corporate had beforehand introduced in November 2022 that it was engaged on a brand new Animoca Capital fund with a goal of $2 billion however then halved that focus on to $1 billion in January 2023.

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