Animoca Brands, the
#blockchain gaming giant, is planning to launch a $2 billion fund for
#metaverse projects. Rather than seeking economic returns, the Animoca Capital fund will focus on developing the Web3 ecosystem and creating an active market.
Brazil legalizes crypto as means of payment
Brazil's Chamber of Deputies approved a regulatory framework that legalizes cryptocurrencies as means of payment in the country, enabling the creation of licenses for crypto exchanges and for custody by third parties. Now, the law requires the signature of the President of Brazil for it to be enacted.