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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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Burning Man: Dead body found ‘in a pool of blood’ at festival

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Burning Man: Dead body found 'in a pool of blood' at festival

A man has been found dead “in a pool of blood” at the Burning Man festival in Nevada, officials say.

The man’s body, described as a white adult, was found “lying on the ground” after 9pm on Saturday at the art and music festival in the Black Rock Desert, roughly 110 miles north of Reno, the Pershing County Sheriff’s Office said.

They said he was discovered while the festival’s large wooden effigy of a man at the centre of the festival was engulfed in flames – a tradition during the annual event.

Officials said a festival goer flagged down a sheriff’s deputy and reported seeing “a male subject lying in a pool of blood”.

The sheriff’s office set up a perimeter at the scene and has been treating it as a homicide, interviewing several participants.

The body, which has not been identified, was taken to a medical examiner’s office, while the festival continues until 6pm local time on Monday (2am Tuesday UK time).

“Although this act appears to be a singular crime, all participants should always be vigilant of their surroundings and acquaintances,” the sheriff’s office said.

More on Nevada

Officials say the crime scene is being preserved, but that the case is a “complicated investigation” as the makeshift Black Rock City where the event is located will be gone by the middle of the week.

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Burning Man organisers said they were cooperating with law enforcement and asked participants not to interfere with their investigation.

“The safety and well-being of our community are paramount,” their statement said, adding that support services, including a crisis support team, were available and participants had access to free Wi-Fi if they need to communicate with loved ones.

Burning Man is a celebration of self-expression that culminates in the ceremonial burning of its towering 40ft effigy.

Its origins can be traced back to the incineration of an eight-foot wooden “man” on San Francisco’s Baker Beach in 1986, which eventually evolved into an annual gathering in the Black Rock Desert.

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Retired vicar involved in ‘Eunuch Maker’ extreme body modification ring jailed for three years

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Retired vicar involved in 'Eunuch Maker' extreme body modification ring jailed for three years

A retired Church of England vicar who was part of an extreme body modification ring run by man who called himself the Eunuch Maker has been jailed for three years.

Warning: The following article contains graphic details of extreme physical mutilation

Reverend Geoffrey Baulcomb, 79, pleaded guilty to causing grievous bodily harm with intent after a nine-second video of him using nail scissors to perform a procedure on a man’s penis in January 2020 was found on his mobile phone.

He also admitted seven other charges, including possessing extreme pornography and making and distributing images of children on or before 14 December 2022.

Prosecutors said some of the material included moving images which had been on the eunuch maker website, run by 47-year-old Norwegian national Marius Gustavson.

Marius Gustavson
Image:
Marius Gustavson

Gustavson was jailed for life with a minimum term of 22 years last year after a court heard he made almost £300,000 through his website, where thousands of users paid to watch procedures, including castrations.

Baulcomb was said to have been an “acquaintance” of Gustavson, and the pair exchanged more than 10,000 messages with each other over a four-year period.

He was formerly a vicar at St Mary the Virgin Church in Eastbourne but retired from full-time ministry in the Church of England in 2003.

The diocese of Chichester said he applied for “permission to officiate”, which allows clergy to officiate at church services in retirement, when he moved to Sussex the following year.

But Baulcomb was banned for life from exercising his Holy Orders following a tribunal last year, which heard he was issued with a caution after police found crystal meth and ketamine at his home in December 2022.

He had claimed experimenting with drugs or allowing his home in Eastbourne to be used for drug taking would “better enable him to relate and minister to people with difficulties as part of his pastoral care”.

The diocese said the Bishop of Chichester immediately removed his permission to officiate after being contacted by police, and bail conditions prevented him from attending church or entering Church of England premises.

‘Nullos’ subculture

The Old Bailey heard last year that extreme body modification is linked to a subculture where men become “nullos”, short for genital nullification, by having their penis and testicles removed.

Gustavson and nine other men have previously admitted their involvement in the eunuch maker ring, which one victim said had a “cult-like” atmosphere.

The life-changing surgeries, described as “little short of human butchery” by the sentencing judge, were carried out by people with no medical qualifications, who he had recruited.

Prosecutors said there was “clear evidence of cannibalism” as Gustavson – who had his own penis and nipple removed and leg frozen so it needed to be amputated – cooked testicles to eat in a salad.

Gustavson, who was said to have been involved in almost 30 procedures, pleaded guilty to charges including conspiracy to commit grievous bodily harm between 2016 and 2022.

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Hollywood star Rupert Everett spotted working behind bar of village pub

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Hollywood star Rupert Everett spotted working behind bar of village pub

Hollywood star Rupert Everett has been working behind the bar of his village pub in a bid to keep the doors open.

Everett, known for his roles in Another Country and My Best Friend’s Wedding, has joined a roster of volunteers working to save The Swan, a local pub in Enford, Wiltshire, that is currently under threat of closure.

The pub is staffed by a rotation of 30 people after it was initially closed when the previous licensee left.

“There has been an amazing effort by our community to keep this pub open,” said the 66-year-old Shrek voice actor.

“Times are hard for rural pubs and this is the heart and hub of the village. I think that it is important to express my support. I have recently joined CAMRA – the Campaign for Real Ale – as I know that real ale is the lifeblood of pubs both locally and nationally.

“Our small local breweries need our help, cask ale must survive – it is almost a uniquely British tradition.”

Steve Stringer, secretary of the Salisbury and South Wiltshire branch of CAMRA and an Enford resident, told local media: “I am excited that Rupert has chosen to support the campaign.

“As a lover of cask ales, it is only natural that he wishes to join us and to see him behind the bar serving the locals, shows his solidarity with the community effort.”

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