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Yat Siu, co-founder of Animoca Brands, is optimistic about the potential of numerous investments and partnerships in 2024. Highlighting a significant partnership with The Open Network (TON) blockchain, Siu emphasized the massive user base on Telegram as a key driver for mass adoption of TON-related projects (CoinTelegraph).
Animoca Brands has made around 70 investments in 2023, expected to yield substantial results in the coming year. One notable acquisition is the social gaming platform Gamee, which aims to leverage its integration with Telegram to monetize games through recent advancements (CoinTelegraph).
iu is confident about the recovery of the NFT market, driven by long-term holders and solid project fundamentals. He notes that the market is stabilizing as the speculative bubble has burst, leaving only committed investors who see value in NFTs and metaverse projects (CoinTelegraph).
The anticipation surrounding Bitcoin spot ETFs, the conclusion of major legal trials, and settlements like Binance’s $4.3 billion deal with U.S. authorities are expected to positively influence the crypto market. These factors, according to Siu, lay a strong foundation for 2024 (CoinTelegraph).
Siu also highlighted the potential of GameFi, particularly through the appreciation of tokens like GMEE. He believes that the integration of gaming and blockchain technology on platforms like Telegram will drive significant growth and engagement in the crypto space (CoinTelegraph).
