Animoca Brands plans to add education to its multi-billion dollar NFT and games business – TechCrunch

It’s been about 40 years since Yat Siu entered the tech space.

But just eight years ago, Siu co-founded Animoca Brands, a prolific software and venture capital firm that has invested in more than 220 portfolios across blockchain games, NFTs, decentralized finance and the metaverse, among other sectors, he told TechCrunch. In January, the company raised $360 million, which valued it at $5.4 billion.

But Siu hasn’t always been in the crypto scene. He grew up in Vienna studying classical music against his will, but he used an Atari computer to use composition software, he said. That’s when he started immersing himself in technology – even before he had a bank account.

In the early 1990s, he moved to Hong Kong and “built a few businesses”, then moved into the mobile game business in the early 2010s. In 2017, he was hit by the NFT bug and “made everything possible” in space when CryptoKitties exploded in popularity.

At the time, the company invested in OpenSea, which became the largest NFT marketplace; Sky Mavis, the parent company of Axie Infinity; Decentraland, a decentralized metaverse; and acquired the company that would later be known as The Sandbox.

“We are very much an operator, creating metaverse games, products and projects centered around true digital property rights, which is NFT for us,” Siu said. “We’re investing in everything and hopefully we can expand and grow the network effects of NFTs beyond games, because that’s the tip of the spear and what’s driving adoption now.”

Animoca Brands has become one of the biggest companies in the metaverse, play-to-win, and NFT worlds, but Siu told TechCrunch that Animoca Brands wants to enter a new industry: education.

No, not education on crypto topics, but more general educational tools that could apply to more than one discipline.

As the company will continue to grow and focus on blockchain gaming, Siu said it wants to expand into new segments and markets like education to drive blockchain mass adoption.

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