Animoca Brands is positioning itself as a gateway for investors seeking exposure to the broader altcoin ecosystem, with founder Yat Siu arguing that the next wave of crypto growth will come from diverse projects, not a single dominant winner.
Altcoins Could Outperform Bitcoin as a Group
Animoca Brands founder Yat Siu believes that investors looking for broad crypto exposure should focus on the altcoin market, not only Bitcoin. In his view, altcoins have the potential to outperform Bitcoin collectively due to their real-world utility across Web3 gaming, DeFi, gas fees, and DePIN applications.
Siu compared Bitcoin to gold, valuable, stable, and reliable as a reserve asset but noted that innovation typically comes from a wider ecosystem. Just as the combined value of public companies far exceeds gold’s market cap, he believes the wider altcoin sector offers much greater upside than a single dominant asset.
Offering Crypto’s Equivalent of Early Amazon and Google
Siu explained that nearly all functional applications in the crypto world—games, platforms, tools, and even memecoins—fall under the “altcoin” umbrella. Animoca aims to give investors exposure similar to what early-2000s tech investors enjoyed when backing giants like Amazon, Google, eBay, and Alibaba before they dominated the internet economy.
He expects the crypto space to evolve differently from the dot-com era. Instead of a winner-takes-all outcome, he predicts a landscape where multiple altcoin projects thrive simultaneously. Animoca, through its wide portfolio, hopes to capture several of those breakout successes.
A Portfolio Built to Capture the Next Crypto Leaders
Animoca’s investment portfolio is already positioned to benefit from emerging winners. Gaming remains its strongest category, with 230 of its 628 investments focused on the sector. The firm is also expanding heavily into infrastructure, artificial intelligence, and decentralized finance.
According to Siu, Animoca has access to early-stage altcoins at significantly lower entry points than typical outside investors. By going public, the company plans to pass that advantage on to shareholders. Animoca is preparing to list on Nasdaq next year through a reverse merger with Currenc Group, an AI-focused fintech firm.