Yat Siu: Animoca Brands currently has more than 500 investments, and the NFT market will recover

Yat Siu, the co-founder and CEO of Animoca Brands, made the following points in a recent interview:

1. Thanks to Telegram and TON, it is believed that more than 100 million users will join Web3 in the next 12 to 18 months, as distribution channels like Telegram are launching games.

2. Currently, the biggest regulatory challenges for Web3 companies are mainly in the United States, Hong Kong, Japan, and Southeast Asia. The Asian market is very friendly to Web3 and the rules are quite clear.

3. The metaverse is currently in its early development stage.

4. Animoca Brands has more than 500 investments, with about 160 in the gaming sector and over 70 in the education sector.

5. The monthly trading volume of NFTs is currently around $500 million, and more trading volume and activity are expected to be seen when market activity picks up after the summer. Markets are typically seasonal, and this applies to all markets.

6. Animoca is a bit like a DAO and is currently considering going public, which is a fact. It has also been said that it may go public in 2025 or 2026, so it's not just 2025, but somewhere in between. There is still a lot of work to be done at this stage, such as determining the company's location, moving out of Australia, deciding on which market to go public in, and hiring advisors. It is impossible for a company to go public within a month and it will take some time.