• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»NFT»Animoca Brands remains optimistic about the future of Web3
NFT

Animoca Brands remains optimistic about the future of Web3

Donald MunnBy Donald MunnJune 7, 2022Updated:September 29, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Animoca Brands, a gaming software and venture capital company, says it remains optimistic about the future of the Web3 world, which encompasses metaverse, NFTs and crypto. This was stated by co-founder Yat Siu in his mid-year statement. 

Animoca Brands: Yat Siu is optimistic about the future of Web3, metaverse, NFTs and crypto

According to reports, Yat Siu, co-founder and executive chairman of Animoca Brands, released his mid-year statement, remaining optimistic about the advancement of Web3, metaverse, NFTs and crypto, despite market concerns that have arisen since the beginning of the year. 

“Despite current market concerns, we remain undeterred and positive about the future… The current market conditions will not kill Web3, the open metaverse, NFTs, or cryptocurrencies. There will be bumps on the road, cyclical variations, and the occasional black swan event, but the map to the future is legible by anyone who takes a broader and longer view”.

Broadly speaking, Animoca Brands is deeply involved in the technology sector and Web3 in particular, with a portfolio of over 340 investments and several subsidiaries and projects, including The Sandbox, GAMEE, REVV Motorsport, TOWER and many others. 

Due to this presence, the vision of its co-founder remains positive and optimistic, based on solid financial results. 

web3 metaverso nftAnimoca Brands has a very florid vision on the future of the Web3, especially as regards NFT and metaverse in the gaming world

Animoca Brands’ journey from early 2022 to today

Continuing with his speech, Siu points out that in the first four months of 2022 they generated an impressive $573 million in revenue, $352 million in cash and $659 million in other digital assets. 

Not only that, Animoca Brands’ reserves of portfolio investments and digital assets were valued at around $5.7 billion in total. 

Staggering numbers that add up to interesting partnerships developed during this first half of the year, such as with Yuga Labs, OneFootball, Planet Hollywood, Cube Entertainment and Untamed Planet.

Siu also goes on to describe the NFT sector, which is showing lively and steady growth, reaching out to major companies such as the partnership of The Sandbox and HSBC. 

Regarding gaming, Siu points out that Web3 games represent only a small fraction of the 3.2 billion people who play games or the 5 billion people who are online. 

Finally, describing the philosophy of Animoca Brands, Siu affirms their long-term vision, investing in open, innovative and favourable Web3 projects for the emergence of the open metaverse. 

MetaHollywood: the Hollywood-themed NFT metaverse and marketplace

Another stunt by Animoca Brands this year was the launch of the MetaHollywood joint venture, the new Hollywood-themed NFT metaverse and marketplace. 

Basically, together with Planet Hollywood Group, the idea was to create a Web3 metaverse that brings back the Hollywood experience, dedicated to film lovers, studios and creators. 

At the same time, the metaverse also includes an NFT marketplace of digital collectables of moments, events and clips reminiscent of movie star scenes.

The post Animoca Brands remains optimistic about the future of Web3 appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023

CrowdStrike forecast significantly lower revenue than analysts expected, triggering a stock decline

December 7, 2022

This is how Twitch streamers bait viewers. On the thumbnail of the broadcast it looks quite suspicious

November 23, 2022

The Sandbox launches a new game with Metaprints and Bored Ape

September 1, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.