Animoca Brands

With roots in mobile games, Hong Kong–based Animoca Brands has spun into one of the largest Web3 VC firms by pushing a decentralized, creator-focused vision of the internet via portfolio companies. Despite successful exits and a fund valued at nearly $6 billion in mid-2022, it still focuses on declining sectors like the metaverse and play-to-earn gaming. As user interest wanes, Animoca still hopes to redefine what it means to be a gamer.