Animoca Brands, led by CEO Robby Yung, is a Hong Kong-based company that has emerged as a major player in the Web3 and metaverse space. The company was founded more than a decade ago by Yat Siu and David Kim, and in recent years has made a strong push into the metaverse and Web3 sectors.

Yung explains that the name "Animoca" is a portmanteau that "connects animation and mobile communication", reflecting the company's focus on games and creating a Web3 environment. Despite the unusual name, Animoca Brands has built an impressive investment portfolio, backing numerous crypto and metaverse projects.

The company is now focused on building its own metaverse, the "Mocaverse", and onboarding other companies into this ecosystem through investments. Animoca has also launched its own token, Moca, which has garnered significant interest from the community. Yung says the company is "busy" with various initiatives and partnerships as it seeks to further solidify its position in the Web3 space.

Source: https://cointelegraph.com/magazine/robby-yung-animoca-web3-investments-ton-mocaverse/

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