Animoca Brands Co-Founder Discusses Institutional Support in Crypto Market

15/09 18:23

According to Odaily, Animoca Brands Co-Founder and Executive Chairman Yat Siu recently highlighted the performance of various tokens in an interview. He noted that while some tokens have underperformed, others like Bitcoin, Ethereum, Solana, and TON have shown strong performance. The key differentiator, according to Siu, is institutional support. Projects backed by institutions tend to exhibit more stability. He emphasized that the cryptocurrency industry is now entering an era dominated by institutional investors, starting with the Bitcoin ETF. This shift implies that to stand out, projects need institutional backing. Unlike the traditional stock market, which is dominated by institutional investors, the token market is primarily driven by retail investors. In an institutional investor market, projects are thoroughly researched due to the need for substantial purchasing power and long-term planning. Additionally, Siu commented on the recent success of the game 'Black Myth: Wukong.' He expressed pride in the game's global popularity, describing it as an exciting moment. The game's success, he noted, is partly due to the early efforts of Asian gaming companies and the cultural boom led by Asia.

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