Animoca Brands Plans Nasdaq Listing Through Reverse Acquisition

According to BlockBeats, Animoca Brands is planning to go public on Nasdaq next year through a reverse acquisition with Currenc Group, a fintech AI solutions company based in Singapore. Earlier today, Animoca Brands' Chief Strategy Officer Keyvan Peymani stated in an interview with CNBC that the company aims to expand its investment portfolio, which currently includes around 600 companies, beyond the gaming sector. The focus will extend to areas such as artificial intelligence, decentralized physical infrastructure networks (DePIN), decentralized finance (DeFi), and stablecoins. Despite this diversification, gaming remains the largest category in Animoca Brands' portfolio, with 230 out of 628 invested companies related to gaming.