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Animoca Brands, Facebook, and the Metaverse
Animoca Brands is a unicorn that has raised a total of $810 million in the past two years. The company has partnered with Sequoia China, Soros Fund Management, Winkelvoss Capital, and others. In January, it secured another $150 million investment from Temasek. The company is now valued at $5 billion.
The metaverse has the potential to transform the way people interact with each other. By enabling 3D virtual spaces, the metaverse will provide new levels of digital sociability. It will also give businesses new opportunities to expand their customer bases. Ultimately, the metaverse will disrupt the digital economy by exposing customers to new products and content, which in turn will enhance purchasing decisions.
Facebook founder Mark Zuckerberg is an ardent supporter of Metaverse and says that it will become the next mobile Internet. The company has been hosting the virtual world on its platform for two years now. The CEO of Animoca Brands, which owns The Sandbox and CryptoKitties, is also an investor in the company.
Facebook plans to introduce new features for the metaverse that will make it easier to buy, sell, and display Limited Edition digital objects. In addition to the new functionality, the metaverse will integrate Novi crypto wallet and Diem, a proposed stablecoin.
