- Animoca Brands continues to invest funds into the market of blockchain projects and metauniverses
- The company invested in Brinc holding 200 million dollars for development of various products
- Of these 116 million will be directed to finance promising startups
Venture Accelerator Brinc, a holding of venture capital companies and funds, intends to expand its activities in the field of Web 3.0. The organization aims to finance and develop startups in the metaverse and blockchain projects.
Today, 10 December, the holding reported on the completion of the series B investment round on 30 million dollars from Animoca Brands. Another 116 million the company intends to invest in various startups Brinc.
Among the target projects for which these funds will be spent, there are DeFi, and blockchain games, and specialized software and much more.
This is far from the first investment round Animoca Brands in recent months. Earlier, we talked about the company partnering with Binance Smart Chain to support startups in the blockchain game development space.
Animoca Brands also announced plans to create a themed metaverse for the K-pop genre. The active game in the markets of the metaverse and NFT brought considerable revenue to the company. In the last two months alone, it has grown fivefold.