Animoca Brands Co-Founder Discusses Future Plans and Institutional Support for Cryptocurrency

According to Odaily, Animoca Brands co-founder Yat Siu emphasized the importance of user-generated content (UGC) in an interview during Korea Blockchain Week. He stated that without UGC, the internet would be worthless. When asked about the future plans of Animoca Brands, Siu acknowledged that the company's direction is constantly evolving. He mentioned, 'There is no definitive plan at the moment, but I can say that Animoca Brands will continue to invest in the development of the Web3 ecosystem.' Siu also highlighted the necessity of institutional support for cryptocurrencies. Drawing a comparison with traditional finance, he noted that over 80% of investments in the U.S. stock market come from institutions. He argued that projects backed by institutional credibility are more likely to gain public trust. Siu believes that the rise of institution-grade tokens will shape the future of the altcoin market. When questioned about the dramatic events involving TON CEO Pavel Durov and France, Siu responded candidly, 'We are not worried. Regardless of what happens with Pavel Durov, the ecosystem continues to evolve.'