{"id":6214,"date":"2023-03-25T08:42:34","date_gmt":"2023-03-25T08:42:34","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=6214"},"modified":"2025-12-30T08:05:56","modified_gmt":"2025-12-30T08:05:56","slug":"animoca-brands-reduces-metaverse-fund-target-by-20","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/animoca-brands-reduces-metaverse-fund-target-by-20\/","title":{"rendered":"Animoca Brands Reduces Metaverse Fund Target by 20%"},"content":{"rendered":"\n<p>Sources close to the matter have revealed that Hong Kong-based blockchain game developer, Animoca Brands, has scaled down its fundraising goal for its metaverse fund by 20 percent, settling on an $800 million target.<\/p>\n\n\n\n<p>Initially, in November, Animoca Brands announced plans to launch a new fund called Animoca Capital, aiming to raise $2 billion. This target was later adjusted to $1 billion in January.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/02\/Animoca-Brands-Reduces-Metaverse-Fund-Target-by-20-1024x538.jpg\" alt=\"Animoca Brands Reduces Metaverse Fund Target by 20%\" class=\"wp-image-12594\" srcset=\"https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/02\/Animoca-Brands-Reduces-Metaverse-Fund-Target-by-20-1024x538.jpg 1024w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/02\/Animoca-Brands-Reduces-Metaverse-Fund-Target-by-20-300x158.jpg 300w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/02\/Animoca-Brands-Reduces-Metaverse-Fund-Target-by-20-768x403.jpg 768w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/02\/Animoca-Brands-Reduces-Metaverse-Fund-Target-by-20-150x79.jpg 150w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/02\/Animoca-Brands-Reduces-Metaverse-Fund-Target-by-20.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>In July, Animoca Brands achieved a valuation of $6 billion following an investment from Temasek. Despite this significant valuation, the company&#8217;s shares are currently considered to be undervalued in secondary markets, with a market capitalization of less than $2 billion.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">You may also like this content<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><\/ul>","protected":false},"excerpt":{"rendered":"<p>Sources close to the matter have revealed that Hong Kong-based blockchain game developer, Animoca Brands, has scaled down its fundraising goal for its metaverse fund by 20 percent, settling on an $800 million target. Initially, in November, Animoca Brands announced plans to launch a new fund called Animoca Capital, aiming to raise $2 billion. This &hellip;<\/p>\n","protected":false},"author":1,"featured_media":6135,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[322],"tags":[318],"class_list":["post-6214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse1","tag-metaverse-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/6214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=6214"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/6214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/6135"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=6214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=6214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=6214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}