Global blockchain company Animoca Brands has identified stablecoins, real-world asset tokenization, the intersection of AI and cryptocurrency, decentralized science, and Web3 gaming as the niche markets it is currently exploring.
According to blockchain media outlet Cointelegraph on May 1 (local time), Omar Elissar, Animoca Brands’ Head of Global Strategic Partnerships, emphasized that Web3 gaming is “part of the company’s DNA” and is already gaining significant momentum.
Animoca Brands is a major player in the cryptocurrency venture capital market, serving as a key indicator for investors to gauge promising markets.
In February, the company signed an agreement with Standard Chartered Bank and Hong Kong Telecom to develop a Hong Kong dollar-based stablecoin.
This stablecoin will be issued with over-collateralization and pegged to the Hong Kong dollar at a 1:1 ratio. It is currently awaiting approval from Hong Kong’s financial authorities, who are working on establishing stablecoin regulations.
