Animoca Brands CEO Yat Siu said in an interview with Bloomberg that he is in talks with potential investors to raise $1 billion for his Web3 and metaverse investment fund. Yat Siu said, “The crypto market is a challenging market. But Animoca Brands still maintains considerable interest in it.” In addition, the unstable market may mean that the fund ends up raising slightly less than the target amount. According to previous news from Foresight News, on November 30, 2022, Yat Siu said that he plans to launch Animoca Capital, a fund of up to US$2 billion, to invest in metaverse businesses, and the first investment is expected to be made next year.