The previous crypto winter was when Animoca Brands made some of its best investments, according to Gen Kanai, head of strategic partnerships at the blockchain gaming company based in Hong Kong.
Kanai claimed that investments made over the previous crypto winter in the Sandbox, Dapper Labs, OpenSea, and Sky Mavis had performed well in a sit-down interview with Forkast at the IVS Crypto 2022 event hosted in downtown Naha, Okinawa.
Up-and-coming NFT, metaverse, and Web 3.0 businesses have received financing from Animoca, which as of April 30th, this year, had funded over US$1.5 billion across over 340 investments.
With a seed round of $10 million in February, Animoca established a strategic subsidiary in Japan to connect the nation’s intellectual property with Web 3.0.
The current investment options that Animoca is concentrating on are blockchain-based educational platforms. TinyTap, a platform for user-generated educational video, was purchased by Animoca last month.