Yat Siu, co-founder and executive chairman of Animoca Brands, said in a recent interview that thanks to Telegram and TON, he believes that in the next 12 to 18 months, more than 100 million users will join Web3 because distribution channels such as Telegram are launching games. NFT currently has a monthly trading volume of about US$500 million. Usually after the summer, when market activity picks up, we see more trading volume and activity. The NFT market is also seasonal. In addition, Animoca Brands currently has more than 500 investments, including about 160 investments in the gaming field around games, education and distribution, and more than 70 investment transactions have been completed in the education field.