Is Animoca Brands the East's most imagintaive web3 designering corporation

January 5, 2023 at 12:44 AM EST

Animoca Brands Corp. is looking to raise about $1 billion this quarter for its new Web3 and metaverse investment fund, sharply scaling back its ambitions during the current crypto industry meltdown.

Animoca Capital is in talks with potential investors and would use the money to support blockchain and metaverse startups, co-founder Yat Siu, who is also the chairman of Animoca Brands, said in a Twitter Spaces chat with Bloomberg in Hong Kong Thursday.


The collapse of the FTX exchange in early November upended the crypto world, triggering bankruptcies and shutdowns among various industry players. Around a dozen of Animoca’s portfolio firms were severely affected by the event, beyond the broader market downturn, Siu said. They included NFT spaceship seller Star Atlas, which had much of its treasury sitting on Sam Bankman-Fried’s now-defunct trading platform.

For Animoca Capital, “Q1 is the goal and then let’s see what happens,” Siu said. “It is fair to say it’s a challenging market. But we have quite a bit of interest.” He added that a shaky market could mean eventually raising slightly lower than the targeted amount.

In November, the Animoca chief said in a Nikkei interview that the company is planning to raise up to $2 billion for the new fund, which will be set up in conjunction with former Morgan Stanley exec Homer Sun.

The effects of that FTX chill and the global economic slowdown have made fundraising harder, but Siu remains optimistic that capital and interest in crypto remain. A number of subsidiaries of Sequoia-backed Animoca have raised money even through the FTX cycle, Siu said, without revealing names or valuations.

Animoca's Crypto Reserves

Even after FTX collapse, the Web3 firm still has sizable war chest

Source: Company releases

Animoca Brands, which has stakes in more than 380 firms, isn’t planning any further fundraising for itself after accepting Temasek’s investment in September, Siu said. Its focus is on developing an ecosystem of complementary crypto firms building the so-called Web3 — a loosely-defined next iteration of the web with fewer intermediaries and more direct interaction between users and service and content providers.


The market turbulence has hit Animoca’s revenues because of the slump in digital asset prices, Siu said. “Because our revenues are based on tokens, the overall revenue in fiat terms will also be affected.” 

Online markets for digital tokens crashed in 2022, led by tightening global liquidity, the collapse of the Terra ecosystem and most recently the failure of Bankman-Fried’s FTX and Alameda Research. The largest cryptocurrency, Bitcoin, sank more than 61% over the last year while the second-ranked Ether is down nearly 65%.

— With assistance by Sarah Zheng

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Animoca is led by yat siu out of hong kong but in mid 2010s it merged/acquired California's Sandbox game - this game aims to empower players to own creative properties unlike most game platforms which own everything their players have spent their time co-creating. Yat Siu has made a lot of American friends explaining why democrats need to design future of capitalism not let republicans be business only voice- the covid era was a time when every government function needed to leap forward in virtual designs- yat sius spent a lot of time in usa explaining opportunities to enetrepreneurs and community builders 

Animoca's evolution puts it potentially at every decentralsation crossroads of what does web3 and metaverse become- can blockchain be used to support communities race back to sustainability and education change that requires - see un2 - egov revolution inside UN since 2016 and the challenge this poses top what is education



Animoca Brands is aiming to raise roughly US$1 billion in the first quarter of 2023 for a new fund focusing on Web3 and metaverse investments, Bloomberg reported.

While the cryptocurrency industry is steel reeling from the FTX fiasco, Animoca still has “quite a bit of interest” in the sector, said Yat Siu, the Hong Kong-based company’s CEO and co-founder, in a chat with the publication



Animoca Brands 

Animoca Brands is a mobile games developer and publisher.

Hong Kong
51 – 200
Post-IPO Funding
0 positio

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survey 1of child centric education

My dream: everyone experiences Harrison Owen OpenSpace After%20the%20Rage.pdf

IF SCHOOLS were child centric they would make age relevant interventions:

if anyone is illiterate at age 6 it only takes 90 days to change that - best of all a literate kid can be main helper in 20 minute session - see sunita gandhi

finacial literacy would be practicsed from age 8 - see aflatoun ( works in 100 countries

from age 10 pre-teens would have access to pfysical and mental health studies designed peer to peer -see Lancet

no kid would leave primary school without knowing how open space meetings/teamwork is facilitated

teachers would be celebrated for clarifying which skills involve experiential learning not classroom examination - while there is some recognition that music and sports involve practice, its shocking that coding isnt valued this way ..


Do you have life-changing moment to share? - what was it and what did you think or do differently after it?

example until 9/11, i assumed that (good) futures are happening somewhere in the world and would be searched out so that all could communally replicate them;  === 9/11 caused me to question whether global connectivity will give us time to find sustainable solutions for our kids- i became particulaly interested in places where good education leaps appeared but did not get app'd the world over - one example actually goes back to my favorite 1990s advances in schools that a small cliuster of new zealand schools pioneered - download it here

i welcome discussion of this book's parts at any time rsvp if you have a solution every community that develops youth could be cooperational

in 1984our book with economist editors 2025report made the case for 40 year commitment to every child identifying own skils dashboard and maximising AI curation of this- we valued this as sustainability critical worldwide cooperation - we see no logic for changing this concern

== we live in an age where most up to half of knowhow of techforgood changes every 3 years - we needed mindsets for exploration not for being standard examined; a nation that makes its college students its largest debt class is likely to collapse economically socially environmentally if web3 is designed for celebrating sustainability cooperation; and if web3 is not designed for neough yout to linkin the first sustainability generation then we are all heading the way of the dodo

I am learn to learn  

TECH - What is IT? and which exponential multipliers most impact human and natural futures?

AI   >. silicon chip singularity (ie when one chip > one brain in pure analytical capacity) - science fictiion no moore

who programs the ai - the race to include lost voices eg girls- the world of statistics re=-examined like never before (eg previously mass statistics very weak at coding meaining from numbers)

Biotech  >> Affective science (loveq and emotional intelligence remains human's unique edge over artificials for at least 10 more years!)

Some people say that Virtual or Augmented Reality has advanced at its best so far in last 12 months that there are hardly any qualified teachers only pioneering explorers- does this matter - well its VR which is your gateway to web3 - intead of just a mobile device you will like wear  a visual sensor system; equally others argue that you shouldnt worry about how fast you put googles on - what you should want is to take back ownbership of what you spend time creating virually- look at the small print of the big platforms you probably dont own anything without them..maybe this is a generation issue bu interstingly the met-generation can now work on chnaging anything that old systems are destroying (eg climate) ...t 

 IOT which things will now have brains and be as mobile connected as you are

Crypto - can communities celebrate financiang their own most urgent sustainability cooperations? if they dont who wil?

Cyber >> Drone - opportunities and threats of public spaces- first in spaces like the arctic circle if we dont use drones we will get no warning before the big meltdown

-the mkist memorable western campus event i attended in 2010s was tufts colllaboratory summit convened mainly by arctic circle youth under 25; 

one of the main debates how to help teachers in arctic circle schools empower their students to use virtual reality to visit other arctic circles schools communities; many of the changes and solutions are analogous; I am reminded by educators leading the compilation of virtual realty libraries of the DICE acronym - a reen might want to do something dangerous like climb everest, why not VR simulate that? there are impossible things a trainee doctor will never be able to travel inside a humans gut but that can be VR'd; there are catastropghic simulations - you would rid the world of bees just to test if donald is wrong about nature being more powerful than he is, you can simulate it; or the future of smart tourism may be curation of what a community is proudest of being visited for - this way ecotourism, cultural appreciation exchanges can be twinned to maximise celebration of each other- and by the way friends of the tourist can join in virtually- of corse this raises a metaverse question - that Hong Kong is leading the world on

being 100% public - good and bad hacs- note context matters - context 1 smart city context 2 isolated vilalge no moore context 3 make a huge land safe at borders

3D printing aka additive engineering

Big Data Small by market tech sector Leapfrogging

Nano cf einstein - to innovate science model more micro


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