Animoca Brands, a leading investor in NFT and blockchain gaming, has received preliminary approval from Abu Dhabi's Financial Services Regulatory Authority (FSRA) to operate as a fund manager within the Abu Dhabi Global Market (ADGM). This "in principle approval" (IPA) allows Animoca Brands to manage investment funds directly from Abu Dhabi, expanding its reach and influence within the Web3 investment space in the Middle East. It signifies a key step in Animoca's strategy to establish a stronger foothold in the region. The move is expected to foster innovation and investment in blockchain and Web3 technologies within Abu Dhabi, attracting further talent and capital to the burgeoning ecosystem. Animoca Brands' presence will provide valuable expertise and resources to local startups and projects. ```