Animoca Brands Co-Founder: Institutional Support Crucial for Crypto’s Future, Rise of Institutional Tokens Will Define Altcoin Market
Seoul, South Korea – Yat Siu, co-founder of Animoca Brands, a leading Web3 company, has emphasized the importance of institutional support for the future ofcryptocurrencies during his recent interview at the Blockchain Week Korea event.
Siu, a prominent figure in the Web3 space, highlighted the crucial role ofinstitutional investment in driving the growth of the crypto market. Drawing a parallel with the traditional financial world, he pointed out that over 80% of investments in the US stock market come from institutions. This, he argued, fosters greater trustin projects backed by institutional credibility.
Without UGC (user-generated content), the internet is worthless, Siu stated, emphasizing the importance of community engagement in the Web3 ecosystem. He further asserted that the rise of institutional-gradetokens will be a defining factor in shaping the future of the altcoin market.
When asked about Animoca Brands’ future plans, Siu acknowledged that the company’s trajectory is constantly evolving. There are no definitive plans at this point, but what I can say is that Animoca Brands will continueto invest in developing the Web3 ecosystem, he said.
Siu also addressed the recent controversy surrounding TON CEO Pavel Durov and his interactions with the French government. He dismissed the situation with a nonchalant, We’re not worried. Whatever happens with Pavel Durov, the ecosystem is constantly evolving.
Siu’s comments reflect a growing sentiment within the crypto community regarding the need for greater institutional involvement. While the sector has historically been dominated by retail investors, institutional players are increasingly recognizing the potential of blockchain technology and its applications.
The emergence of institutional-grade tokens, designed to attract institutional investors, is seen asa key driver for the future growth of the crypto market. These tokens often offer features such as enhanced security, regulatory compliance, and greater transparency, making them more appealing to institutional investors.
Animoca Brands, known for its investments in various Web3 projects, including The Sandbox and Axie Infinity, is well-positioned to capitalize on this trend. The company’s focus on building a robust Web3 ecosystem, coupled with its commitment to attracting institutional investment, could further solidify its position as a leading player in the space.
Siu’s remarks underscore the evolving landscape of the crypto market, where institutional participation is becoming increasinglycrucial. As the industry matures, the rise of institutional-grade tokens and the growing involvement of institutional investors will likely play a significant role in shaping the future of cryptocurrencies and the broader Web3 ecosystem.
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