- Animoca Brands was reported to have done the most metaverse deals in the recent year
- The Animoca company received $564 million in investment
- 216 metaverse deal funding deals have been executed in the last year
Animoca Brands, a prominent metaverse ecosystem developer, was reported to have done the most metaverse deals in the recent year, with 15 concluded deals. In 2022, the company received $564 million in investment.
It has recently revealed intentions to build a billion-dollar metaverse fund for developers in the sector.
It became clear to us early on in 2022 that it would be the ‘picks and shovels’ startups that would get the most attention from investors. An apt analogy given the ‘gold rush’ mentality of many established consumer brands.
Many industry leaders and corporations have referred to the crypto bear market as a builder’s market. According to the latest Nasdaq data, investors are still betting on Web3, particularly metaverse-related projects.
According to data, 216 metaverse deal funding deals have been executed in the last year, totaling over US$2 billion in funding. Support-based services, such as game designers, AI developers, and content makers, received the most money to create metaverse experiences.
Furthermore, big metaverse platforms have opened up opportunities for themed and purpose-built platforms targeting web3.
In other news, the ordeal of stablecoins appears to be far from over, as Waves’ own algorithmic stablecoin USDN has lost its $1 peg. At the time of writing, each USDN is worth $0.52.
The incident has raised the alarm of many people, who expressed worries about the project’s stability. Someone even said Waves is the “next LUNA” in the making.
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