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ANIMOCA BRANDS SEES 75% VALUATION DECLINE ON SECONDARY MARKETS Animoca Brands, once valued at $5.9 billion, now trades at around $1.5 billion on secondary markets. This steep decline is attributed to broader pessimism in the NFT market and the illiquidity of secondary markets.… https://t.co/kBUfEKwicp
ANIMOCA BRANDS’ VALUATION DROPS 75% IN SECONDARY MARKETS Animoca Brands’ value has plunged to $1.5B from $5.9B as NFT hype cools down. Co-founder Yat Siu blames it on “information mismatch” and says a public listing could fix the perception. Despite $3.3B in assets, the NFT… https://t.co/ek2oXfJN2d
JUST IN: ANIMOCA BRANDS FOUNDER SAYS IT IS TRADING AT $1.5B ON SECONDARY MARKET - DOWN NEARLY 75% FROM JULY 2022 FUNDRAISE ~ DLNEWS
Animoca Brands, a prominent player in the NFT market, has experienced a significant valuation decline of 75% on secondary markets. The company, once valued at $5.9 billion, now trades at approximately $1.5 billion. This drop is attributed to a broader pessimism in the NFT market and the illiquidity of secondary markets. Co-founder Yat Siu has cited an 'information mismatch' as a contributing factor and suggests that a public listing could improve market perception. Despite the valuation drop, Animoca Brands still holds $3.3 billion in assets.
