I guess at least you know what you own when you buy an NFT Rock. Shame we can't say the same about Animoca.
I'm not even sure the NFT whales would invest in Animoca if we were listed. They'd probably prefer to invest direct in SAND and all the other tokens.
Why invest in a company that could triple over the next 12 months when you could invest in a NFT or token that could triple in 12 days?
Assuming Animoca lists at some stage, it will more than likely attract investors who want exposure to NFT/blockchain/gaming, but have no inclination to hold assets in a crypto wallet. They'll be buying into the diversification. The good news is that it will take years or decades for the majority to get comfortable with having a significant proportion of their wealth in a crypto wallet, so I think that shares in a listed Animoca would be in high demand. They'd probably even command a novelty premium.
AB1 Price at posting:
18.0¢ Sentiment: None Disclosure: Held
