Web3 gaming giant Animoca Brands is looking beyond gaming next year to expand its current portfolio of around 600 companies, says the company’s chief strategy officer, Keyvan Peymani.
“We invest in dozens of companies a year,” Peymani said during a CNBC interview on Tuesday. “The aim for that, whether it is AI or DePIN or DeFi or games, or any of the kind of new sectors and stablecoins and opportunities that are coming in, is to always look at how the ecosystem we are a part of is expanding.”
Gaming represents the biggest category in Animoca Brands’ portfolio, with 230 of the 628 companies it has invested in related to gaming. The company leaned heavily into gaming after its 2014 founding, investing in projects including Axie Infinity, CryptoKitties, Colossal and Yield Guild Games.
Animoca Brand’s chief strategy officer Keyvan Peymani speaking to CNBC’s Crypto World. Source: CNBC
The company has a growing amount of investment in Infrastructure, artificial intelligence and decentralized finance (DeFi).
“What we aim to do is whenever there is something interesting and exciting happening, as with stablecoins and RWAs, that we’re going to become one of the market leaders,” he explained, adding that Animoca is aiming to become a way for the entire retail sector to benefit from the changes that happen within the Web3 ecosystem.
Animoca eyes “game-changing” projects
“You should expect us to continue doing that and continue to find those projects that we think are going to be game-changing for the industry,” he said, adding that stablecoins will be a major near-term focus for the company.
Animoca founder Yat Siu told Cointelegraph on Wednesday that institutional participation will be “very important” for the crypto industry’s next phase of growth, but it won’t be all about just Bitcoin.
“The institutional aspect won’t just be led by Bitcoin and buy some tokens to have exposure. It’s going to be institutional adoption in terms of utility, because of the market structure bill,”…
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