ICYMI: Spartan Group announces $200 million metaverse fund with an emphasis on ‘digital ownership’
Spartan Group — an Asia-based consultancy and venture capital firm — is set to close a new $200 million fund aimed at the metaverse, according to Jason Choi, a general partner at the firm.
To be sure, Spartan is far from alone. A series of big-name investors have recently raised and deployed capital in this space, including a $100 million fund backed by Alan Howard and the Winklevoss twins. “We were pretty skeptical of the sustainability of the game itself,” Choi said."But the numbers were proving us wrong. And from that experience, it kind of taught us that there's clearly a different type of user in this kind of NFT-metaverse gaming vertical versus the DeFi projects that we're very used to.”
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