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Animoca Brands Cuts Metaverse Fund Target to $800M

Animoca Brands Cuts Metaverse Fund Target to $800M

Animoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 billion to below $2 billion, signaling a change in sentiment in the crypto industry.

Animoca Brands's New Management Team Onboards

Animoca Brands's New Management Team Onboards

Animoca Brands, a digital entertainment, blockchain, and gamification startup has announced that it has onboarded many new staff to take up leadership positions in the company.

Animoca Brands subsidiary Forj Unveils $APE Accelerator to Boost ApeCoin Ecosystem

Animoca Brands subsidiary Forj Unveils $APE Accelerator to Boost ApeCoin Ecosystem

Forj, under Animoca Brands, has inaugurated the $APE Accelerator to bolster the ApeCoin ecosystem. The accelerator is now open for applications, inviting innovative Web3 projects to leverage the platform and connect with a substantial ApeCoin community. The initiative underscores a community-driven approach to enhance the utility and value of ApeCoin.

Animoca Brands, Blowfish Studios Announces Closure of Planet Private Sale for Phantom Galaxies

Animoca Brands, Blowfish Studios Announces Closure of Planet Private Sale for Phantom Galaxies

Animoca Brands and Blowfish Studios announced the closure of Planet Private Sale. The Planet Private Sale for Phantom Galaxies sold 7,734 Planets and Asteroids (“Planets”), a kind of NFTs, for a total of US$19.3 million.

Metaverse Giants Collaborate to Form DAO Metaverse Alliance

Metaverse Giants Collaborate to Form DAO Metaverse Alliance

Metaverse developers have collaborated to form the DAO Metaverse called "Open Metaverse Alliance for Web3" (OMA3), aiming to provide enterprises with new decentralized business models.

Animoca Brands to Focus on Markets Outside U.S. after SEC Labels Sand Cryptocurrency an Unregistered Security

Animoca Brands to Focus on Markets Outside U.S. after SEC Labels Sand Cryptocurrency an Unregistered Security

Hong Kong-based blockchain giant, Animoca Brands, has announced its plans to shift its focus to markets outside the U.S.

Animoca Brands Subsidiary Lympo Launches SPORT Token

Animoca Brands Subsidiary Lympo Launches SPORT Token

Animoca Brands subsidiary Lympo launched the SPORT token to replace the Lympo utility token LMT.

HK-based Animoca Brands Partners with S. Korea's Cube Entertainment for K-pop Metaverse & NFTs

HK-based Animoca Brands Partners with S. Korea's Cube Entertainment for K-pop Metaverse & NFTs

Animoca Brands is partnering with Cube Entertainment to build a metaverse and non-fungible tokens as K-pop has been taking the world by storm.

Animoca Brands and CyberConnect Collaborate on Decentralized Social Layer for Mocaverse

Animoca Brands and CyberConnect Collaborate on Decentralized Social Layer for Mocaverse

On 15 Aug 2023, CyberConnect partnered with Animoca Brands to develop a decentralized social layer for Mocaverse.

HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital

HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital

Hong Kong-based Gusto Collective has raised $11 million in its Seed Plus funding round led by Animoca Brands and Gaw Capital.

MetaHollywood Aims to Become Largest Hollywood-Themed Metaverse

MetaHollywood Aims to Become Largest Hollywood-Themed Metaverse

MetaHollywood is building the largest online community within a Hollywood-themed metaverse following a joint venture between Animoca Brands and the Planet Hollywood Group.

Animoca Brands' PRIMATE Token Sees Enlistment on Huobi Global

Animoca Brands' PRIMATE Token Sees Enlistment on Huobi Global

Animoca Brands announced on April 29, that its PRIMATE Token had been listed on the Huobi Global crypto exchange for trading.

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