Foresight

2024

Coin

<ul class="wp-block-list news-points"> 
 <li>Animoca Brands Chairman Yat Siu addresses the rivalry between NFTs and meme coins.</li> 
 <li>The company partners with ZetaChain, becoming the blockchain’s latest validator.</li> 
 <li>Siu says that the non-fungible nature of NFTs keeps them unique in the industry.</li> 
</ul> 
Animoca Brands chairman Yat Siu believes NFTs have staying power, even during the current meme coin craze. Siu shared his insights at the <a href="https://legendtrading.com/events/hk2024" target="_blank" rel="nofollow">Foresight 2024 event</a>, highlighting the unique value of <a href="https://coinedition.com/nft-trading-volumes-hit-record-lows-future-prospects-remain-optimistic/">NFTs</a> for building reputation in the Web3 space. Siu’s comments also coincided with Animoca Brands’ strategic <a href="https://www.wublock123.com/index.php?m=content&amp;c=index&amp;a=show&amp;catid=49&amp;id=928" target="_blank" rel="nofollow">partnership with ZetaChain</a>, with Animoca becoming the latest validator on the blockchain. 
During the event in Hong Kong, Siu shared insights on the rivalry between NFTs and meme coins. He believes the “non-fungible” nature of NFTs is what sets them apart from the rest of the crypto entities. However, acknowledged that meme coins, while fungible, have gained a solid footing in recent years. 
Reflecting on the influence of meme coins among political figures and celebrities, Siu suggested&nbsp; that these assets play a role in cultural expression. He also noted the shift from thousands of daily NFTs launches now being repl…
The post <a href="https://coinedition.com/animoca-brands-joins-zetachain-backs-nfts-over-meme-coin-hype/">Animoca Brands Joins ZetaChain, Backs NFTs Over Meme Coin Hype</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Animoca Brands Joins ZetaChain, Backs NFTs Over Meme Coin Hype

Coin Edition

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