Animoca's Yat Siu will also join DDC's Bitcoin Visionary Council to offer input on the Asian food giant's bitcoin treasury strategy.
The metaverse is a virtual world allowing humans to interact with each other, play games and transact, often involving digital version of real-life items
The Moca Chain testnet is expected to start up in the third quarter with the mainnet following by year-end.
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. One of the main takeaways from TOKEN2049 earlier this year was that the UAE, and Dubai in particular, is the hottest spot (quite literally) […]
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An announcement on plans to list in New York is expected soon, executive chairman Yat Siu said in an interview.
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Co-founder and executive chairman of web3 gaming unicorn Animoca Brands, few people in crypto haven’t heard of Yat Siu—with the exception of the […]
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Animoca Brands reported $314 million in bookings, up 12% from 2023’s $280 million, as the company pivoted away from its reliance on gaming and NFT sales.
Animoca's digital asset advisory business comprised $165 million out of the $314 million bookings the firm logged in the fiscal year.
EDU chain will support educational apps and onchain education with tamper-proof credentials and developer incentives.
In contrast to World’s iris scanning, Humanity’s palm scans are more user-friendly and maintain a high level of security, according to Humanity’s founder.
Crypto will reach a turning point when it becomes as useful for companies as the internet became in the 1990s, argues Animoca Brands' co-founder.
The X account of Animoca Brands co-founder Yat Siu was hacked to promote a bogus token in what appears to be latest in a string of similar hacks in the past month.
Animoca Brands’ Yat Siu told Cointelegraph that NFTs can be considered an investment in one’s reputation, similar to a Picasso artwork.
Lamborghini’s dive into NFTs comes amid lower monthly sales volumes for digital collectibles.
As law firms and traditional finance companies cut back on office space, Yat Siu's Animoca is taking advantage of the renter’s market to expand its headquarters, reinforcing its commitment to Hong Kong as a global Web3 and digital culture hub.
Hamster Kombat is preparing to launch the “largest airdrop in the history of crypto,” which could bring even more mainstream attention to the viral Web3 mobile game.
CryptoSlam founder and CEO Randy Wasinger believes Web3 is becoming too fragmented for developers and users and plans to solve the issue with a new platform.
Web3 and blockchain gaming firm Gala Games partnered with Animoca Brands to boost its native token. The companies joined forces to develop the altcoin and enhance users’ experience. Nonetheless, GALA has faced a 6.7% price decline following the news. Related Reading: FET Drops 9% As ASI Token Merger Phase 1 Kicks Off Gala Games To Boost User Experience On Wednesday, Gala Games announced its partnership with Hong Kong-based game software and Venture Capital company. The collaboration aims to enhance the token experience for users. The Web3 and blockchain gaming platform focuses on video games compatible with blockchain technology. Additionally, it allows players to earn crypto tokens and non-fungible tokens (NFTs) through gameplay. Per the announcement, the companies will work together to develop the token. Animoca Brands will receive GALA tokens from the firm’s treasury to “provide liquidity provisioning services” to the Web3 gaming platform. This move aims to facilitate the token’s orderly trading. As highlighted in the X post, Animoca Brands operates nine Gala Founder’s Nodes and plans to serve as a GalaChain Validator. Many users and crypto investors received the news well. Some users considered the news was bullish for the token. Others stated that the company is finally “making some noise.” The announcement also sparked interest in the gaming and NFT community. LordBenalez, COO of community-driven NFT project Mittaria, expressed interest in the collaboration. “About time. Glad to see the two big companies joining hands. Looking forward to hearing more about the collaboration,” read the reply. GALA’s Price Sees 7% Retrace Despite the overall positive reaction, GALA’s price plunged after the news. The token fell from the $0.0275 price range to the $0.0255 mark, a 7.2% price drop. The recent price action represents a 6.7% retrace in the last 24 hours. The token’s performance also shows red numbers in the longer timeframes. GALA’s price has been downtrend since its March high of $0.081. Following the retrace at the beginning of Q2, the token hovered between the $0.04 and $0.5 range. However, the sideways movement was halted by the late May security breach to which the company fell victim. As reported by NewsBTC, the web3 gaming company suffered an exploit, which resulted in the minting of 5 billion tokens worth $219 million. The incident saw the unauthorized sale of 600 million GALA tokens, worth around $21 million. Additionally, 4.4 billion tokens were burned. This resulted in the price falling from $0.046 to $0.037, a 20% decline following the exploit. Related Reading: Baked Or Burned? Trader Makes 307x From Solana Token But Investors Raise The Alarm Since then, the token has continued the downtrend, registering a 43.5% decrease in the past month. Some market watchers suggest that the token might be getting ready to bounce off the lower trendline and break out of the $0.035 resistance zone before soaring to the $0.1 price target. Featured Image from Unsplash.com, Chart from TradingView.com
The prominent Web3 investor has held talks with investment banks, but is yet to finalize an advisor.
The 1 billion HLG tokens were worth $14.4 million at the time of the first mint, Etherscan data shows.
During the last bull run, VC firms were more concerned about missing out on the hype, but they’re taking a much more measured approach this time.
The partnership will combine Mocaverse’s Moca ID, KuCoin’s user accounts and Halo’s Genesis membership pass to “redefine on-chain identity and facilitate growth” in the Web3 space.
The decision to launch Wallet Wars, a Web3 iteration of the 1970s arcade game Space Invaders, was taken by a vote of Balthazar DAO, not a management committe.
Animoca Brands became the biggest validator of the TON blockchain in 2023, banking on the network effect of Telegram’s 800 million users to drive GameFi adoption.
Web3 gaming powerhouse Animoca Brands isn't playing around; it takes its work with governments and educating a skeptical audience seriously.
The gaming and metaverse-focused firm declined to provide details of the investment.