Yat Siu: The current cryptocurrency industry is entering the era of institutions
Yat Siu, co-founder and executive chairperson of Animoca Brands, said in a recent interview that there are a range of tokens that are not performing well, but some tokens are doing well, such as Bitcoin, Ethereum, Solana and TON. The key difference is institutional support. Projects with institutional support tend to perform more stably. Starting with Bitcoin ETFs, the cryptocurrency industry is now entering the institutional era, which means that institutional support is needed to stand out. Traditional stock markets are dominated by institutional investors, while the token market is dominated by retail investors. In the institutional investor market, projects are carefully studied because of the need for strong purchasing power and long-term planning.
In addition, Yat Siu also talked about the recent hit of "Black Myth: Goku", expressing his pride that "Black Myth: Goku" has become a global hit, which is an interesting moment. The popularity of "Black Myth: Goku" is also due to the early Asian game companies and the Asian-dominated cultural prosperity.