Wealthy crypto collectors are still driving the market, says Animoca Brands’ Yat Siu
The once hyper market for non-fungible tokens (NFTs) looks to be in the doldrums, with token valuations a fraction of 2021/22 highs, not to mention that France’s flagship event for the sector, NFT Paris, was canceled just one month before it was due to open.
In the doldrums, but definitely not dead, said Yat Siu, co-founder of Animoca Brands, a Web3 development and venture capital company that has become involved in tokenization of real-world assets.
Wealthy collectors are driving a vibrant NFT marketplace, Sui said in an interview at the CfC St. Moritz crypto conference. Some investors will have a connection to a type of digital art, the same way a family office scion might be a collector of artwork by Picasso, for…
