COINOTAG news on September 15 highlighted insights from Animoca Brands’ co-founder and executive chairman, Yat Siu. According to Beincrypto, Siu emphasized in his latest interview that institutional support is the primary differentiator in token performance. Tokens with backing from institutions tend to display greater stability. With the introduction of Bitcoin ETFs, the cryptocurrency sector is progressing into an institutional era. Institutional backing is essential for a project’s success, paralleling the dynamics in the traditional stock market where institutional investors hold sway. In the token market, predominantly driven by retail investors, success hinges upon diligent research, robust purchasing power, and long-term strategic planning.
Siu also addressed the phenomenon surrounding “Black Myth: Wukong,” expressing pride in its global success. He attributed its popularity to the pioneering efforts of early Asian game companies and the flourishing cultural landscape in Asia. This global hit signifies a notable moment for Asian cultural influence in the gaming industry.
Source: https://en.coinotag.com/breakingnews/bitcoin-etf-marks-beginning-of-institutional-era-in-cryptocurrency-says-animoca-brands-yat-siu/