According to Cointelegraph, Animoca co-founder Yat Siu expressed optimism about blockchain games and explained the latest situation of its Metaverse Fund.
Animoca originally planned to set up a $2 billion Metaverse Fund in November 2022, but was forced to reduce it to $1 billion in January according to a 2023 report. Anonymous sources in March pointed out that the fund was further reduced to $800 million. Siu said the company is still waiting for a license before it can start investing funds.
Siu expects AAA blockchain games to be launched by the end of 2024, signaling a shift in attention, capital and talent from mainstream gaming to the industry.