Animoca Brands Bets on Altcoin Growth to Attract Investors Ahead of IPO

Animoca Brands, led by founder Yat Siu, is gearing up to go public through a reverse merger and aims to attract investors seeking exposure to the altcoin market. Siu believes that altcoins will collectively outperform Bitcoin over time and is positioning Animoca as a platform to invest in a diverse range of crypto projects.

Key Takeaways

Animoca Brands is planning to go public via a reverse merger next year.
Founder Yat Siu emphasizes that altcoins are expected to outperform Bitcoin collectively.
The company's investments primarily focus on gaming, but also include sectors like AI and DeFi.
Animoca aims to provide investors access to altcoins at lower levels compared to outside investors.
A Nasdaq listing is anticipated following the merger with the AI-focused company, Currenc Group.

Animoca Brands Bets on Altcoin Growth to Attract Investors Ahead of IPO

Animoca’s Vision for Investor Opportunity

Animoca Brands' founder, Yat Siu, envisions his company as a gateway for investors to gain exposure to the broader cryptocurrency landscape and the altcoin sector. As the company prepares for a public offering through a reverse merger in the upcoming year, Siu stated, "We believe that altcoins, ultimately, will outperform Bitcoin as a collective over the largest space."

The Utility of Altcoins

Siu clarified that while Bitcoin is often viewed as a reserve asset, his engagement with crypto extends beyond mere Bitcoin holdings. He believes in the practical applications of altcoins across various facets of the industry, including Web3 gaming, transaction fees, decentralized finance (DeFi), and decentralized physical infrastructure networks (DePIN). "These assets can rise and fall together as a whole," he noted.

Games, Web3 Animoca Brands is eyeing a diversified altcoin treasury strategy. Source: Animoca Brands

Capitalizing on Early-Stage Crypto Investments

Siu likened Animoca’s investment strategy to opportunities available in the early 2000s with internet giants like Amazon, Google, eBay, and Alibaba. "We feel that we’re well positioned for that potential," Siu said, emphasizing that the crypto landscape may not mirror the 'winner-takes-all' scenario of the early internet.

Targeting the Next Crypto Success Stories

He mentioned that Animoca’s diverse portfolio is large enough to identify and invest in potential winners in the crypto market. Most of Animoca Brands’ investments focus on gaming projects, with 230 out of 628 companies invested in this sector. There is also an increasing focus on infrastructure, artificial intelligence, and DeFi.

Siu pointed out that Animoca has the ability to invest and access altcoins at levels that are more favorable than those available to outside investors, and they plan to share this advantage with their shareholders.

This strategy aligns with Animoca’s recent announcement about a potential Nasdaq listing next year, following its planned merger with Currenc Group, a public fintech company focused on artificial intelligence.

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