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Bill Ackman, Animoca Brands Back Web3 Global Venture Fund

  • $50 million fund to focus on cross-border projects with Asia
  • Additional backers include co-founders of Solana and Polygon
Bill Ackman 

Bill Ackman 

Photographer: Patrick T. Fallon/Bloomberg

Billionaire Bill Ackman is among the early backers of a web3 venture fund focused on supporting the metaverse, gaming, social media and decentralized finance.

Closing on $50 million in funding announced Monday, OP Ventures Fund I counted the hedge fund manager among its supporters which also included Solana co-founder Raj Gokal, Terra founder Do Kwon, Polygon co-founder Sandeep Nailwal, billionaire financier Alan Howard and Asian gaming giant Animoca Brands Corp.