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Speaking with Cointelegraph, Animoca co-founder Yat Siu noted that given the sources anonymity, it makes it difficult to ascertain exactly who or what the source or agenda is. 4115 Total views 13 Total shares Listen to article 0:00 News Own this piece of history

Collect this article as an NFT Venture capital firm and Web3 game developer Animoca Brands has refuted claims that it scaled back its metaverse fund target by $200 million, or 20% to $800 million, amid volatility in the crypto market and instability in the banking sector.

The firm also downplayed suggestions that its valuation has plummeted from $6 billion as of July 2022 to roughly $2 billion in March 2023.

Stemming from a March 24 Reuters reportcitinganonymous people familiar with the matter, it was claimed that Animoca initially halved its $2 billion metaverse fund target in January, and recently cut itanother 20% to $800 million.

The fund in question was announced in November 2022to allocate capital to mid-to-late-stage startups with a metaverse focus. At the time, Animoca co-founder and chairman Yat Siu outlined that the fund target was between $1 billion and $2 billion, depending on how much capital was raised.

In a public statement shared with Cointelegraph, Animoca stated that the claim that the Animoca Capital fund target was cut from $2 billion to $1 billion is not correct, because $1 billion has always been within the range declared.

The firm did acknowledge that the banking collapses in the United States have, of course, had an impact but stressed that the final amount raised for the fund has yet to be determined.

Theres no doubt that the FTX and banking crises have had a serious impact on available venture capital, but fundraising for the Animoca Capital fund is in progress. When the raise is concluded, we will inform the market with the appropriate details, including the final size of this fund, the firm stated.

Commenting on the leaked information, Siu told Cointelegraph that given the information came from unnamed sources, it makes it difficult to ascertain exactly who or what the sources and agenda are, which is unfortunate.

“Angry Birds was not created by Activision.” @viewfromhk, CEO of @animocabrands, explains in our exclusive chat at @ParisBlockWeek that major game companies don’t always drive innovation.

Is it time for a new generation of game developers to shine in Web3? #PBW2023 pic.twitter.com/UwcujLeGYY Cointelegraph (@Cointelegraph) March 22, 2023

Concerning the companys valuation, Animoca asserted that the figures reported by Reuters and an additional two other unnamed people cited were inaccurate.

Animoca, which trades as AB1, was initially listed on the Australian Stock Exchange (ASX) in the firms early days. However, AB1 was delisted back in March 2020 due the ASXs assertions that Animoca had breached its listing rules by being involved in crypto-related activities, among other things.

Since then, its shares have traded on unlisted stock-focused exchanges such as the Sydney-based PrimaryMarkets.

Related No shortage of passion in the Parisian people for PBW amid protests Animoca Brands CEO

The data from this platform was used to calculate a total market cap of AB1 at around roughly $2 billion. However, Animoca argues that these figures dont fully represent the companys total valuation. AB1 stock price. Source: PrimaryMarkets

The claim […] that Animoca Brands now trades its shares on PrimaryMarkets is not technically correct. We terminated our arrangement with PrimaryMarkets in the second half of 2020, but PrimaryMarkets chose to continue to trade Animoca Brands shares on its platform, the firm stated, adding that: We do not consider the thin trading activity on PrimaryMarkets to accurately reflect the companys value. Trading volume is far too low to provide the price accuracy you would find on an actual primary market. #Business #Funding #Stocks #Games #Metaverse #Blockchain Game #Web3 #Gaming

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Texas-Ohio State live: Buckeyes lead 7-0 at halftime

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Texas-Ohio State live: Buckeyes lead 7-0 at halftime

After an entertaining Week 0 appetizer and a smattering of games Thursday and Friday, it’s time for Week 1 of the college football season to finally kick off. And the game to start off the first full Saturday of the season couldn’t be much better.

It’s the Texas Longhorns vs. the Ohio State Buckeyes. It’s the No. 1 and No. 3 teams in the preseason AP poll facing off. It’s a College Football Playoff rematch and Arch Manning’s first major test as starter against the defending national champions.

Needless to say, it’s going to be good.

We’ll be keeping track of Texas-Ohio State — and any other notable happenings that might pop up — as the college football season returns. Here’s everything that’s going on across Week 1 in college football:

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Corso bids farewell to ‘GameDay’ with OSU pick

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Corso bids farewell to 'GameDay' with OSU pick

COLUMBUS, Ohio — Just as it was the first time, Lee Corso’s final headgear pick was Brutus Buckeye.

Corso selected the third-ranked Buckeyes to beat top-ranked Texas on his final appearance on ESPN’s “College GameDay” on Saturday.

He made the prediction on the 50-yard line at Ohio Stadium 16 minutes before kickoff, quite a change from the first time in 1996 when it was done in the parking lot outside the Horseshoe.

“To everyone who has been a part of the journey, thank you,” Corso said during the opening segment of Saturday’s show.

It was the 46th time Corso donned Brutus Buckeye’s head. Ohio State is 31-14 the previous occasions.

Coach Ryan Day gave Corso an Ohio State helmet with a buckeye leaf on it for each time he chose the Buckeyes. Day also gave Corso an additional sticker to put on in case he picked the Buckeyes.

An area restaurant also made an 85-pound cake of Brutus’ head.

Corso, who turned 90 on Aug. 7, has been a part of “GameDay” since its start in 1987 and has made pregame shows entertaining under a simple philosophy: “Football is just the vehicle. It’s entertainment, sweetheart.”

The three-hour show was a celebration of Corso more than a finale. Besides looking back at Corso’s career, the show analyzed Saturday’s key games and included an interview with Bill Belichick, who makes his debut with North Carolina on Monday night against TCU.

It was the 26th time “GameDay” was in Columbus. It was outside Ohio Stadium on Oct. 5, 1996, where Corso’s popular headgear prediction segment began.

Corso donned Brutus Buckeye’s head before Ohio State faced Penn State, and the rest is history.

Corso has worn 69 schools’ mascot headgear and has dressed up as Notre Dame’s Fighting Irish leprechaun, the Stanford tree, and Founding Fathers James Madison and Benjamin Franklin.

He has a 66.5% winning rate on his headgear predictions (286-144), which is much better than his 73-85-6 mark in 15 years as a coach at Louisville, Indiana and Northern Illinois.

Besides ESPN, Fox Sports showed Corso’s pick.

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A Planet Is Being Born: Astronomers Capture Rare Cosmic Snapshot

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Astronomers have captured a groundbreaking sight: WISPIT 2b, a baby gas giant planet forming within a dusty, multi-ring protoplanetary disk around a young Sun-like star 430 light-years away. Infrared images from the Very Large Telescope show the planet carving a dark path in the rings as it feeds on gas and dust. This rare discovery provides the first direct evidence …

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