Animoca Brands tapped a valuation of $5.9 billion after securing a $75 million fundraiser.
Animoca’s Co-Founder and Chairman – Yat Siu – said the ongoing macroeconomic situation seems challenging, “but at the same time, the current crypto climate has also enabled some users to gain a better entry point to the open Metaverse.”
In addition, the executive predicted that the market’s decline will not go forever and recover in the next one to two years. In his view, the crash will create huge opportunities for the development of the Metaverse, just like the COVID-19 pandemic “highlighted systemic problems in the physical world:”
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