Animoca Brands Cuts Metaverse Fund Target to $800M: Report
The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion, but later halves this target in January 2023.
![Animoca Brands reduces fund target of $800 million metaverse: Report](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/7dd4cbe1-9f64-46e9-af9c-e1011a4b1d33.jpg)
![Animoca Brands Cuts Metaverse Fund Target to $800M: Report](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvN2RkNGNiZTEtOWY2NC00NmU5LWFmOWMtZTEwMTFhNGIxZDMzLmpwZw==.jpg?#)
The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion, but later halves this target in January 2023.
![Animoca Brands reduces fund target of $800 million metaverse: Report](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/7dd4cbe1-9f64-46e9-af9c-e1011a4b1d33.jpg)
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