Nasdaq Favors Animoca Brands as It Hits $500M 2022 Funding

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.

Read CRYPTONEWSLAND on

google news

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.

Recommended news:

José Gustavo

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.