One thing that the crypto market contagion has highlighted is that the idea of “shadowy elites” pulling the strings is not so conspiratorial after all. It gets exposed because they’re trying to control crypto the way they control TradFi, and they haven’t succeeded yet.
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Animoca Brands Becomes One of the Big Players in the Metaverse
Until recently, Metaverse was a concept only a few people were familiar with. A few months ago, Facebook founder Mark Zuckerberg announced his intentions to pivot his company towards the development of a new type of virtual world.
Today, the term “metaverse” has become a buzzword. The idea of a single virtual world that is constantly available is appealing to entrepreneurs and investors alike. They believe it can provide a profitable opportunity, as well as unlock a massively creative economy.
Some of the major players in the metaverse include Andreessen Horowitz, Epic Games, Roblox, and Decentraland. These firms have invested billions of dollars into the technology.
These companies are leveraging cryptography to create virtual representations of legitimate ownership. These representations are then used to distribute the revenue earned by the platform. This technology is known as non-fungible tokens (NFTs). NFTs can be used for psychological services, online cinemas, and other uses.
In the first nine months of 2021, Animoca Brands generated $530 million in income. The company also has a presence in 14 markets worldwide. The company has more than 600 employees. The company is also a major shareholder in CryptoKitties and NBA Top Shot creator Dapper Labs.
Animoca Brands has partnerships with Sequoia China, Winkelvoss Capital, and Soros Fund Management. It has a portfolio of digital properties valued at more than $5 billion.
The company has been growing and expanding rapidly. It has raised $810 million over the last two years. The company has a strong presence in 14 markets and has a staff of 600. The company has generated $141 million in bookings during the first nine months of 2021.