Despite the total crypto market capitalization falling below 1 Trillion, investments into Web3.0 rage on.

Temasek Holdings, a state-owned investor in Singapore, is joining a $100 million funding for Hong Kong- based Animoca Brands corp.

Image Courtesy: Animoca Brands

Animoca Brands is a “leader in digital entertainment, blockchain, and gamification, working to advance digital property rights and contribute to the establishment of the open metaverse.

While their portfolio includes a range of name-brands, most of us would probably know them for The Sandbox, which was developed by their subsidiary, Pixowl

They also have access to the intellectual properties of names such as:

  • Disney
  • WWE
  • Snoop Dogg
  • The Walking Dead and more.

Temasek Holdings x Web3.0

While Singaporean regulation may have taken a step back from crypto mass adoption, Temasek’s venture into Web3.0 comes as no surprise.

Earlier this year, the investment company announced that it would back crypto trading firm Amber Group.

Valued at $3 billion, Temasek led a series B+ round, raising $200 million for the company. Other participants included Tiger Global Management, Sequoia China, and Coinbase Ventures.

They also participated in other investment rounds for major crypto companies, including Binance, Immutable, and Aptos.

Currently, Temasek’s Web3.0 portfolio

Image Courtesy: Temasek Holdings

Currently, Temasek has a portfolio valued at $403 billion as of March 2022, with an 18% stake in the Telecommunications, Media & Technology sectors.

This also includes Web3 companies such as Tencent Holdings, Alibaba Group, as well as Roblox.

As of April this year, Animoca Brands reported ~USD$5 billion in crypto and cash reserves, with a further USD$1.5 billion invested across 340 companies.

Their CEO, Yat Siu, also told Bloomberg News that the firm plans to go public “perhaps in the next two or three years”.

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[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]

Featured Image Credit: ChainDebrief