Metaverse and gaming venture capital firm Animoca Brands is planning a partnership with Saudi Arabian investment fund NEOM to develop Web3 initiatives.
- Investment fund NEOM is offering a $50 million investment in Animoca, according to a statement Monday.
- Under the plan, Animoca will develop Web3 service capabilities with global commercial applications alongside NEOM to support its ambitions as a technology hub of excellence.
- Animoca, valued at $6 billion in July 2022, is again attracting investment from public funds, which could signal a turnaround in the Web3 venture capital sector amid signs of a thaw in crypto winter.
- Investment fund NEOM is offering a $50 million investment in Animoca, according to a statement Monday.
- Under the plan, Animoca will develop Web3 service capabilities with global commercial applications alongside NEOM to support its ambitions as a technology hub of excellence.
- Animoca, valued at $6 billion in July 2022, is again attracting investment from public funds, which could signal a turnaround in the Web3 venture capital sector amid signs of a thaw in crypto winter.