Animoca Brands wins Abu Dhabi fund management license as crypto VC cools

Crypto Insight Summary: Animoca Brands has successfully crossed a major hurdle in Abu Dhabi. On November 2, it announced that its subsidiary had received permission from the authorities to operate collective investment funds. This now gives the cryptocurrency investor a regulated way to raise funds as venture capital investment in the industry shrinks. No funds or investment commitments... Crypto Insight Analysis: Direction: Bullish ANIM Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Abu Dhabi fund licensing strengthens Animoca's regulated fundraising position amid a cooling crypto VC market.