Animoca Brands \u2013 the Hong Kong-based Web3 giant \u2013 led the venture landscape in October, signaling broader ambitions across different sectors.<\/p>\n
Messari reported that Animoca made nine investments, surpassing other active entities such as CMS Holdings, which made seven, and Hack VC with six.<\/p>\n
Traditionally known for its focus on gaming and digital collectibles, Animoca expanded its scope this month. According to Messari\u2019s data<\/a>, the firm has dipped its toes into sectors like decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), artificial intelligence (AI), and others.<\/p>\n Trailing behind Animoca are Celestia\u2019s Ekram Ahmed and Helius Labs\u2019 Mert Mumtaz, both of whom made notable contributions with five investments each. Next up was Andreessen Horowitz\u2019s Crypto Startup Accelerator (CSX) program and Anagram Crypto recorded five investments each in October.<\/p>\n Additionally, Robot Ventures, Hashkey Capital, and UTXO each participated with five investments, underlining a collective trend among firms to diversify their portfolios across various sectors.<\/p>\n Animoca Brands has positioned itself as a leading investor in the Web3 space. The company is reportedly preparing<\/a> for a potential public offering, though the exact timing remains uncertain. The decision will depend largely on the \u201cmarket\u2019s status,\u201d among other factors, according to chairman Yat Siu.<\/p>\n While Animoca\u2019s intention to go public was revealed earlier this year, Siu emphasized that this ambition has been long-held. A report in June suggested that the listing could take place in either Hong Kong or the Middle East, with Siu indicating that Hong Kong is a \u201cstrong contender\u201d due to the company\u2019s headquarters being located there.<\/p>\n Despite what appears to be a productive 2024, Animoca faced a challenging year in 2023, much like the broader crypto industry. The Web3 giant grappled with layoffs and scaled back its metaverse ambitions by trimming<\/a> its metaverse fund target from $2 billion to $800 million.<\/p>\n The post Web3 Giant Animoca Brands Expands Beyond Gaming, Dominates October Investments<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Animoca Brands \u2013 the Hong Kong-based Web3 giant \u2013 led the venture landscape in October, signaling broader ambitions across different sectors. Messari reported that Animoca made nine investments, surpassing other active entities such as CMS Holdings, which made seven, and Hack VC with six. Animoca Brands Pushes Venture Limits in October Traditionally known for its […]<\/p>\n","protected":false},"author":0,"featured_media":19398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19397"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19397"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19398"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Animoca\u2019s Growth So Far<\/h2>\n