The $200 million blockchain gaming investment program jointly launched by Animoca Brands and BNB Chain last year may be stalled

2022-12-06 16:50:25

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ChainCatcher news, according to The Block, since Animoca Brands and BNB Chain jointly launched a $200 million investment program for blockchain games last year, only a small number of investments have been completed. According to Dealroom data, Animoca and Binance Labs have only participated in the same round of financing three times (Heroes of Mavia, Community Gaming, and Tatsumeeko), and these deals do not appear to have been made through the joint investment program.

At the end of November, according to Nikkei News, Animoca Brands co-founder and CEO Yat Siu stated in an interview that the company plans to launch a fund called Animoca Capital of up to $2 billion to invest in metaverse businesses, with the first investment expected next year. The fund aims to raise $1-2 billion, but Yat Siu mentioned that funds have not yet been raised. (The Block)

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