Crypto Survived the Flash Crash, So Will Web3: Animoca Brand’s Robby Yung
Animoca Brands CEO Robby Yung believes Web3 will survive market volatility, citing crypto's resilience after the recent flash crash.Summary
Robby Yung, CEO of Animoca Brands, stated that the recent crypto flash crash did not devastate the ecosystem because the market structure now includes sophisticated risk management systems, unlike previous crashes like FTX.
Animoca Brands, a major Web3 investment firm, is planning a U.S. IPO in 2025, spurred by softening U.S. regulation and increased institutional interest in digital assets. The company was previously delisted from the ASX in 2020 due to its pivot to Web3.
Yung noted that while Web3 gaming remains core to their heritage, it now constitutes about 25% of their investment portfolio following a rationalization process after the 2022 bear market. Animoca is now more selective in investments, prioritizing games that have already demonstrated community traction and user engagement, as lower infrastructure costs in Web3 allow games to succeed with smaller, highly engaged audiences due to higher average revenue per user.
(Source：CCN)